FRANKFURT (dpa-AFX) – The German stock market started trading on Monday with gains. In the first few minutes of trading, the leading Dax index rose by a moderate 0.15 percent to 19,492.38 points, making up a small part of its losses from the previous week. Portfolio manager Thomas Altmann from QC Partners in Frankfurt sees geopolitical reasons for the recovery. “There is relief that Israel’s military strike against Iran was less severe than feared,” he commented. The fact that neither oil fields nor nuclear facilities were the target of the retaliatory strike contributed to this.
The MDax, the index for the 50 medium-sized blue chips, rose by 0.70 percent to 27,449.61 points in early trading. The EuroStoxx 50, the leading index in the eurozone, also gained 0.44% to 4,965.01 points.
The Dax stock market barometer is currently well supported, particularly in the 19,300 to 19,400 point range. Buyers entered this range…
