FRANKFURT (dpa-AFX) – The recently weak Dax initially recovered at the Xetra start on Friday. The leading German index was up 0.16 percent at 19,109 points. The MDax of mid-caps rose by 0.21 percent to 26,382 points. The EuroStoxx 50, the leading index in the eurozone, rose by 0.2 percent.
On Thursday, the Dax had temporarily fallen to almost 19,000 points. It then recovered in the area of the round mark – as it did at the beginning of October. The 50-day average line for the medium-term trend has held so far.
“Waning hopes of interest rate cuts and uncertainties regarding the upcoming US election have dampened sentiment on the stock market,” wrote the experts at Landesbank Helaba. Now the US labor market report at the end of the week is crucial because it could potentially have a major impact on interest rate expectations. Ultimately, however, the nervousness ahead of the US election remains high and with it…
