FRANKFURT (dpa-AFX) – Investors on the German stock market exercised increased caution ahead of this evening’s talks between US President Donald Trump and Kremlin chief Vladimir Putin regarding a resolution to the war in Ukraine. Fresh US economic data had little impact on trading.
The DAX’s initially clear gains evaporated entirely on Friday afternoon. Germany’s leading index closed down 0.07 percent at 24,359.30 points, resulting in a weekly gain of around 0.8 percent. The MDAX ended Friday’s session with a loss of 0.54 percent at 30,951.69 points.
Market hopes are high for the summit between the two heads of state, even though Trump sees himself as a mediator and views the meeting as a precursor to a potential second round of talks. Still, a single offhand remark on the sidelines of the discussions could spark marked volatility on the exchanges, according to analyst Stephen Innes of asset manager SPI Asset…
