FRANKFURT (dpa-AFX) – After the holiday break, the German stock market got off to a very lively start on Friday. Thanks to signs of easing in the US-China trade dispute and following the US labor market report, the DAX broke through the 23,000-point mark for the first time since the end of March. Ultimately, it closed up 2.62 percent at 23,086.65 points. This meant that the leading index not only closed at its daily high, but also achieved its eighth consecutive day of gains and recorded a weekly gain of 3.8 percent. It is now only a good one and a half percent away from its record high of 23,476 points in mid-March.
“Investors are hoping that the first 100 days of the new German government will be more successful for the German economy than the first 100 days for the US economy under President Donald Trump,” commented analyst Jochen Stanzl from broker CMC Markets. The DAX had already gained 1.5 percent in April, following…
