14.05.2020 DAX 30 Daily Analysis

14.05.2020 DAX 30 Daily Analysis

It's been a very wild week for the German Index which for the past couple months has been aiming for the sky but barely reaching the ozone. 11000 has been a very hard point for the index to reach and just when it was showing signs of getting there rumors emerged from Asia of a new wave of infections that sent investors picking their profits and selling in masses and now the index is currently trading at €10354.82, having lost 188.80 points from its opening point of 10418.04. This is almost 600 points lower from it's high this week of €10984.71. Just Wednesday the Dax went down by 2.56% with it's the best performer, Fresenius Medical Care, having gone down by 0.34% and the worst performer, Continental AG going down by 7.28%.