FRANKFURT (dpa-AFX) – Hopes for Chinese and American monetary policy also helped the Dax on Tuesday. Unlike its US counterpart, the Dow Jones Industrial, however, it was not enough to set a record.
The leading German index came within 15 points of its Thursday record of 19,044 points in the morning. However, the 19,000-point mark once again proved to be too high a hurdle for the Dax, which ultimately gained 0.80 percent to 18,996.63 points. According to analyst Konstantin Oldenburger from broker CMC Markets, the fact that China’s central bank is now also taking action after the US Federal Reserve could also benefit the export-dependent German industry in a roundabout way.
The MDax, which comprises the shares of medium-sized German companies, ultimately rose by 0.34 percent to 26,083.75 points on Tuesday. Unlike the Dax, which has gained more than 13 percent since the beginning of the year, it is still in the red in…
