FRANKFURT (dpa-AFX) – The Dax continued its record chase on Friday with somewhat less momentum. After the German leading index had recorded its best trading day this year the day before, the start to the end of the week was somewhat more subdued. However, the leading index was able to approach the 19,300-point mark again by a few points.
In early trading, the Dax gained 0.17% to 19,270 points. The weekly gain thus rose to a good three percent. Its eurozone counterpart, the EuroStoxx, was also up moderately recently. The MDax with the medium-sized German stocks made a positive impression, rising 0.69% to 26,982 points. However, it also has some catching up to do, as it is still more than a quarter away from its record level.
In recent days, the drivers have come from China with a variety of measures to support the economy there. “Sentiment is undeniably bullish,” commented Stephen Innes from SPI Asset Management….
