German equities are back on the rise in a phase of optimism (possible postponement of Brexit, Sino-American negotiations). This relaunch allows the DAX to recover 3.5% over the past two weeks, bringing the annual earnings to 14%
During this reference period, all components of the index gain ground. Nevertheless, ThyssenKrupp stands out with an 11% advance, with the industrial group benefiting from the lull in the trade war. The chemist Henkel is following a similar path, with an increase of 8%, as well as RWE, with +7.8%.
Graphically, in daily data, prices come back to fill a downward gap, left when the index falls in early August. The 12,150-point line will therefore be a major resistance. A blockage would boost prices down to 11,400 points. On the other hand, an overrun of the upper boundary would pave the way for the first 12,600 points. The behaviour of the DAX in the coming days should therefore be closely followed by