Stagnant the DAX peaks at 15,100 amid sluggish price action

Published: January 25 2023, 20:10 GMT+0

Stagnant the DAX peaks at 15,100 amid sluggish price action

Today at a glance: DAX moves 0.08% to close at 15,082 today.

Uncertainty around the DAX is reflected by published market data as new Business Climate Index data from Germany matched market expectations with a reading of 90.2 — a positive step in contrast to previous data of 88.6 from last month. Data from France concerning Jobseekers Total was released today at 11:00 UTC. Newly published figures emphasized continued decline from last month's figure of 2.81 million to 2.82 million this month. Data for Germany Business Expectations published today at 09:00 UTC came out at 86.4, beating projections of 85 and showing improvement over the preceding figure of 83.2.

While the DAX was pretty flat today, mixed performances were seen elsewhere as KOSPI Composite Index went up by 1.39% today, and closed at 2,428.57. Hang Seng moves up 1.82% today and closed at 21,651. ASX 200 is down to 7,468.3, losing 22.1 points, after ending the previous session around 7,490.4.

The index has been trending positively for about a month. After hitting an important low of 15.42 approximately 4 months ago, the DAX has bounced back 97,780% since.