FRANKFURT (dpa-AFX) – Investors on the German stock market took profits on Thursday after the recent rally. The DAX fell by 0.4 percent to 24,035 points in early trading. The MDAX lost 1.1 percent to 30,105 points. The EuroStoxx 50, the leading index for the eurozone, was down 0.4 percent in morning trading.
The day before, the DAX had already reached its 28th record high for the current year at 24,152 points, extending its year-to-date gain to a solid 21 percent. It has thus already surpassed its gains for the entire year 2024 after just five months. The MDax, which rose to its highest level in almost three years in the middle of the week, is up 19 percent for the year.
On Wall Street, the major stock indices suffered significant losses the previous evening. The losses were attributed to a disappointing auction of US government bonds, which brought the high level of US government debt back into focus. Bond yields…
