FRANKFURT (dpa-AFX) – After the recent series of losses, the German stock market is making another upward attempt in the middle of the week. Positive impulses are provided by hopes for a ceasefire in Ukraine. The Dax rose by 0.95 percent to 22,541.50 points in the first few minutes of trading. The leading index had recently fallen by almost five percent from its most recent record of 23,475 points.
The MDax of medium-sized companies gained 0.17 percent to 28,598.14 points on Wednesday morning. The EuroStoxx 50, the leading index in the eurozone, rose by around 0.8 percent.
Meanwhile, the 25 per cent tariffs on steel and aluminum imports announced by US President Donald Trump came into force. The European Union announced a decisive response. As a first step, EU tariffs on imports of American products such as whisky, motorcycles and boats are to be imposed again from April – a major trade conflict is looming./edh/jha/
