FRANKFURT (dpa-AFX) – The DAX got off to a friendly start on Monday after a mediocre week. However, the approaching deadline for a resolution to the trade dispute between the US and the EU dampened the willingness to buy. According to earlier statements by US President Donald Trump, further tariffs on imports from the EU could come into force this Wednesday if the EU does not meet his demands on trade issues.
In the first minutes of trading, the German benchmark index rose by 0.31 percent to 23,860.54 points. This took it slightly further up from the 21-day line, which is important for the short-term trend. However, it is still a good way off its record high of 24,479 points, which it reached around a month ago. The MDax, the index of medium-sized companies, gained 0.19 percent to 30,339.76 points on Monday morning. The EuroStoxx 50, the leading index for the eurozone, rose by 0.1 percent.
“Tariffs are once again at…
