FRANKFURT (dpa-AFX) – The DAX rose for the ninth consecutive trading day on Monday, moving closer to its record high of mid-March. At times, the German stock market barometer was just over 100 points shy of its high of 23,476. The focus remains on hopes for rapid progress in possible tariff agreements between the US and other countries. “Trading volumes remained fairly thin at the start of the week, which is making the rally rather weak overall,” market expert Andreas Lipkow said.
With a gain of 1.12 percent to 23,344.54 points, the German benchmark index closed just below its daily high reached shortly before. The start of May had already been positive at the end of last week with a continuation of the recovery rally. Since the sell-off at the beginning of April in the wake of the tariff conflicts triggered by the US, it has now gained more than a quarter. For analyst Jochen Stanzl of broker CMC Markets, the slump in…
