FRANKFURT (dpa-AFX) – The recovery rally on the DAX continued on Monday morning with somewhat less momentum. The leading index continued its strong run of the past two trading weeks and rose by 0.43 percent to 22,337.61 points shortly after the start of trading. This surpassed Friday’s high of 22,318 points, raising hopes that the German stock market barometer will now manage to settle permanently above the 50-day moving average. This line currently stands at 22,215 points and signals the medium-term trend to investors interested in chart analysis.
The MDax index of medium-sized companies rose by 0.15 percent to 28,336.95 points. The EuroStoxx 50, the leading index for the eurozone, rose by 0.40 percent to 5,174.87 points.
After this month’s turmoil caused by the tariff dispute initiated by the US, which had temporarily caused the DAX to lose almost 17 percent, the index is now back in positive territory. It recovered…
