- Dax stabilises after falling
After a recent market dip, the Dax has stabilized for now. On Tuesday, the German benchmark index rose by 0.53 percent to 17,430.16 points, crossing the closely watched 200-day moving average once again. The MDax of mid-sized companies gained 1.05 percent to 24,216.96 points.
Very weak global markets due to concerns about an economic crisis in the US had put pressure on the German stock market at the start of the week. However, the situation has since calmed, according to analyst Jochen Stanzl of brokerage firm CMC Markets. Even though the specter of recession has returned to the stage, this fear of an economic downturn is currently only in the minds of investors. There is no concrete evidence to support these concerns.
Despite the current fear of an economic downturn among investors, the Commission remains undeterred and is set to adopt implementing acts that will outline the rules for applying this Regulation. The Commission shall adopt implementing acts laying down the rules for the application of this Regulation, providing clarity and guidance in uncertain economic times.
