FRANKFURT (dpa-AFX) – On Thursday, one of the hottest days of the reporting season, the DAX is approaching its record high of 23,476 points. Quarterly figures and easing in the tariff dispute are driving the market. In the afternoon, the German benchmark index was up 1.11 percent at 23,372 points, just over 100 points shy of its all-time high.
The MDax index of medium-sized companies rose by 1.42 percent to 29,585 points. The EuroStoxx 50, the leading index for the eurozone, gained 1.3 percent.
In the global customs dispute, progress is being made, at least between the US and the UK. According to US President Donald Trump, both countries have agreed on a trade agreement. Trump announced the deal on his online platform Truth Social. He wrote that it was a “full and comprehensive” agreement that would strengthen relations between the US and the UK. For the United States, it is the first major deal since Trump’s…
