FRANKFURT (dpa-AFX) – Weak U.S. Bunds further dampened the mood on the German stock market on Thursday. This was compounded by mixed quarterly reports, especially after recent strong gains by individual companies.
After its record run the previous day and a subsequent “small sell-off”, the stabilization is currently “only half-hearted”, as market analyst Konstantin Oldenburger from broker CMC Markets commented. In view of the Bundestag elections this Sunday, he believes that the DAX could be in for a “stormy end to the month”.
The leading German index ended the month down 0.53 percent at 22,314.65 points. The MDax, the index of medium-sized companies, lost 0.68 percent to 27,397.26 points.
Among the European indices, the EuroStoxx 50, the leading eurozone index, ended the day unchanged in percentage terms at 5,461.03 points. In Switzerland, on the other hand, the SMI made minimal gains, while the FTSE 100 in the…
