FRANKFURT (dpa-AFX) – The DAX started the new stock market year with fresh momentum on Thursday. The hurdle of 20,000 points has been cleared again. However, gloomy economic data from China put the brakes on trading for long stretches. Sentiment in the manufacturing sector there deteriorated significantly in December.
Ultimately, the Borsen barometer closed the day at a high, up 0.58% to 20,024.66 points. Slight support came from a friendly start to trading in the USA. However, turnover in Germany remained thin. More meaningful prices will probably only be available in a few days when investors return to the markets in greater numbers.
The DAX is still around 500 points short of its record high of just over 20,500 points in mid-December. However, it closed 2024 with a gain of just under 19%. As the first days and weeks of a new stock market year are usually accompanied by optimism and capital inflows, as market…
