FRANKFURT (dpa-AFX) – After the significant correction at the end of last week, the Dax stabilized on Monday. The first bargain hunters picked up again after the recent losses. Further gains in US technology stocks also provided some encouragement. At the close of trading, the leading German index was up 0.37% at 18,068.21 points.
Last week, the Dax confirmed the break of its upward trend that had been in place since October 2023. In addition to the political uncertainty in France and the discussion about a customs dispute between the EU and China, the US Federal Reserve’s reluctance to cut interest rates is also deterring investors from taking greater risks.
The MDax, which includes mid-caps, lost 0.92% to 25,483.51 points on Monday and suffered above all from the very high price losses for the shares of Carl Zeiss Meditec and Evotec.
The medical technology group Carl Zeiss Meditec had cut its targets for the…
