FRANKFURT (dpa-AFX) – The DAX started the new week well recovered after a three-day losing streak on Monday. In the first few minutes of trading, the leading German index rose by 0.76 percent to 23,065.35 points. As a result, it moved further upwards from the 21-day average line, which is important for the short-term trend and which had held despite the recent price decline.
The MDax, which includes the shares of medium-sized companies, gained 0.86% to 29,029.70 points. The EuroStoxx 50, the leading eurozone index, rose by 0.7 percent. In addition to a court ruling against Bayer, the focus was on some changes in the German share indices.
Last Tuesday, the Dax reached another record high of 23,476 points – just before the Bundestag passed the necessary amendments to the Basic Law for the historic financial package for defense and infrastructure. However, after the significant price gains since the beginning of the…
