FRANKFURT (dpa-AFX) – The German stock market recovered slightly on Monday despite the continuing escalation of the war in the Middle East. At the close of trading, the leading index DAX was up 0.78 percent at 23,699.12 points. This ended a six-day losing streak. The MDax index of medium-sized companies ultimately rose by 0.89 percent to 30,006.05 points. Both indices closed just below their daily highs.
Analyst Jochen Stanzl from the trading house CMC Markets sees the price development as evidence that investors still expect the conflict to remain limited. However, financial market expert Andreas Lipkow cautioned that it was still too early to talk of a possible stabilization with regard to the Israeli-Iranian conflict. “The situation in the Middle East remains tense and could change dramatically at any time.”
In Europe, too, share prices mostly recovered. The Eurozone’s leading index, the EuroStoxx 50, closed 0.9…
