FRANKFURT (dpa-AFX) – The recovery rally recently driven by easing recession worries in the USA continued on Friday for the Dax. With a rise of 0.77 percent to 18,322.40 points, the leading German index recorded its ninth consecutive day of gains. It also achieved its biggest weekly gain since May with a plus of 3.4 percent.
By contrast, the MDax, which includes medium-sized German companies, struggled to stay in positive territory on Friday. In the end, it was 0.10 percent higher at 24,812.18 points.
The losses suffered by the Dax at the beginning of the month have now almost been recovered. Almost two weeks ago, worries about recession, the Middle East conflict and speculation on the foreign exchange market had shaken stock markets around the world. The DAX fell to almost 17,000 points, its lowest level since mid-February. It has since gained 1,300 points again.
“Equities were able to wipe out the damage and…
