Frankfurt Stocks Open Higher: DAX Rebounds on Strong Tech Sector Cues

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FRANKFURT (dpa-AFX) — After Wednesday’s pullback, the German stock market saw gains again on Thursday. The DAX climbed 0.55 percent in early trading to 23,628 points, keeping it within reach of its weekly high of 23,812 points, which was reached on Tuesday thanks to the ceasefire in the Middle East conflict. Meanwhile, US President Donald Trump has announced new talks with Iran scheduled for the coming week.

In the second tier of German stocks, the MDAX rose by 0.28 percent on Thursday to 30,010 points, continuing to hover around the 30,000 mark. The Eurozone’s leading index, the EuroStoxx 50, was also up by 0.3 percent in early trading.

The upbeat mood was supported by the US technology sector: after an early record set by the tech-heavy Nasdaq 100, shares of chip giant Nvidia also reached an all-time high during New York trading. In addition, the post-market earnings report from…

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