Frankfurt equities opening: upward momentum wanes

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FRANKFURT (dpa-AFX) – The record chase on the German stock market initially came to an end on Tuesday. Moderate losses characterized the picture in early trading and the Dax was denied another record high. The leading German index fell by 0.3 percent to 20,290 points. The previous day, the Dax had reached its sixth consecutive record high of 20,461 points immediately at the start of trading, but subsequently gave up these gains.

The MDax fell more sharply than the Dax on Tuesday morning, dropping 0.9 percent to 26,858 points. The EuroStoxx 50, the leading index in the eurozone, lost 0.3 percent to 26,842 points.

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