FRANKFURT (dpa-AFX) – The DAX let off some steam on Friday after its recent record run. At the end of Xetra trading, the leading German index fell by 0.44 percent to 22,513.42 points. The MDax of medium-sized companies fell by 0.36 percent to 27,659.84 points.
This week, the Dax went from record to record, climbing to just over 22,624 points the previous day. The bull market was fueled by hopes of peace negotiations for Ukraine following the phone call between US President Donald Trump and Kremlin leader Vladimir Putin.
Over the week, the DAX recorded a gain of 3.2 percent. The gain since the beginning of the year is 13 percent. The index is now considered to have run a little too hot. However, it could correct significantly without jeopardizing the longer-term upward trend, said capital market strategist Jürgen Molnar from the broker Robomarkets.
In view of the start of the Munich Security Conference (MSC),…
