FRANKFURT (dpa-AFX) – Price gains on the US stock markets also gave the German stock market a further boost on Thursday. The leading index, the DAX, turned positive shortly after trading began on Wall Street. In its last hour of trading, it then surpassed the psychologically important 22,000-point mark again.
Although investors remain focused on the tariff dispute, quarterly results were the main focus in the US on Thursday. The fact that the Ifo business climate index had improved surprisingly in Germany despite the uncertainty surrounding US tariff policy only helped the German stock market to a limited extent.
The DAX ultimately gained 0.47 percent to 22,064.51 points, closing just below its daily high. However, the next hurdle for further gains is the 50-day line, which signals the medium-term trend to investors interested in chart analysis. This moving resistance is currently just above 22,200 points.
The…
