FRANKFURT (dpa-AFX) – After its strong recovery in recent weeks, the DAX fell moderately for the second day in a row on Wednesday. However, the upward trend remains intact, according to chief market analyst Jochen Stanzl of broker CMC Markets. The focus in midweek was once again on numerous quarterly results. In the evening after the close of trading, the US Federal Reserve’s interest rate decision is likely to attract attention.
The German benchmark index ended the day down 0.58 percent at 23,115.96 points. The record high of 23,476 points thus remains within sight. On Tuesday, the DAX had approached its record high by less than 100 points at the start of trading before the failure of CDU leader Friedrich Merz in his first attempt to be elected chancellor caused a temporary setback. In the end, he succeeded in the second ballot. Investors are now hoping for an economic upturn in Europe’s largest economy.
The MDax,…
