FRANKFURT (dpa-AFX) – There was little movement on the German stock market in early trading on Thursday. The German benchmark index was trading at 24,283 points, slightly below its record high of 24,346 points reached the previous day. The risk of a correction is now high, warn experts at Landesbank Helaba.
The MDax fell by 0.20 percent to 30,968 points. The previous day, the index of medium-sized stocks had climbed above 31,000 points for the first time in over three years. It is in a neck-and-neck race with the Dax in the annual rankings, with both indices gaining more than a fifth. The EuroStoxx 50, the leading index for the eurozone, rose by around 0.2 percent on Thursday.
In the afternoon, investors will be looking to the European Central Bank (ECB). Another 0.25 percentage point cut in the key interest rate is expected. As always, however, the comments from ECB President Christine Lagarde on the way forward will…
