FRANKFURT (dpa-AFX) – Investors on the German stock market continued to take profits at the big expiry on the futures markets. The Dax lost 0.47 percent to 22,891.68 points on Friday. Over the week as a whole, the leading index lost just under half a percent. From a technical perspective, however, it ultimately remained above the 21-day line, which gives investors an indication of the short-term trend. On Tuesday, the Dax had reached a record high of 23,476 points.
However, the Dax is now in consolidation mode, noted market analyst Jochen Stanzl from trading firm CMC Markets. “It’s good and healthy for the stock market to fall from time to time.” The Dax has already gained around 15 percent in 2025 alone.
The MDax of medium-sized companies lost 1.09 percent to 28,783.60 points before the weekend. Its annual gain is still 12.5 percent.
Borsians speak of a “major expiry” when options and futures on indices and…


