FRANKFURT (dpa-AFX) – The Dax ultimately remained just above the 19,000-point mark on Wednesday. At 19,003.11 points at the end of trading, Germany’s leading index had curbed its daily loss to 0.16 percent, but continued the weak performance of the previous day. The MDax of medium-sized companies ultimately fell by 0.80 percent to 26,239.67 points.
“Following Trump’s election as President of the USA, global investors are clearly favoring American companies and are continuing to shift their capital from other stock markets to New York,” commented analyst Konstantin Oldenburger from trading firm CMC Markets. The further development of the leading US index Dow Jones Industrial after the current consolidation phase will also show “whether the (Dax) excursion below 19,000 (points) was of a short-term nature and only a kind of adjustment has taken place”.
The leading eurozone index, the EuroStoxx 50, closed midweek just in…
