FRANKFURT (dpa-AFX) – The Dax fell slightly on Monday at the start of a week dominated by the reporting season. A few minutes after the Xetra opening, it was down 0.24 percent to 19,610.99 points. The Dax remains close to its record of Thursday at just under 19,675 points, but investors will have to wait a little longer to reach the 20,000-point mark.
By contrast, the MDax of mid-sized stock market companies rose by 0.46% to 27,461.89 points on Monday. The EuroStoxx 50, the eurozone’s leading barometer, lost just over 1 percent.
According to Landesbank Helaba, the basic mood on the stock market is good in view of hopes for further interest rate cuts in both the eurozone and the USA. “From a technical point of view, the intact upward trend also looks good, especially as an overbought market situation in need of correction has not yet been observed.”
Some support could also come from China, where banks are lowering…
