FRANKFURT (dpa-AFX) - With further losses, the DAX is heading for its next interim low of 23,740 points on Thursday. Broker IG valued the German benchmark index at 0.7 percent lower at 23,773 points around two and a half hours before the start of trading on Xetra. The day before, the DAX had slipped below its 21-day line, which reflects the short-term trend, for the first time since mid-April. It is losing ground on its record high of 24,479 points a week ago.
On Wall Street, the US trade deal with China did not pay off for investors for long. In the end, technology stocks slipped even further into negative territory. Ultimately, it was said that only what had already been anticipated had been agreed upon. The Nasdaq 100 index failed to break through the 22,000-point mark, which was within sight of its February record. There was also profit-taking in Tokyo and Hong Kong in the morning.
