FRANKFURT (dpa-AFX) – The Dax made an attempt to stabilize on Thursday. However, US economic data and an initially friendly trend on the US technology stock exchange Nasdaq provided only temporary support in the afternoon. As the New York stock market subsequently came under pressure, the Dax also gave up its gains. At the end of trading, the leading German index was down 0.08 percent at 18,576.50 points. By contrast, the MDax of medium-sized stock market companies ended trading up 0.24% at 25,357.97 points.
Sentiment among service providers in the USA brightened somewhat in August, which came as a positive surprise to the market. Fears of an immediate recession should be alleviated as a result, wrote the economists at Pantheon Macroeconomics. Two days ago, somewhat disappointing sentiment data from US industry had put pressure on the stock markets and caused the DAX to recede from the record high of 18,990 points reached…
