FRANKFURT (dpa-AFX) – The DAX ended a weak week with losses on Friday. At the close of trading, the German benchmark index was down 0.57 percent at 23,902.21 points, extending its weekly loss to 1.9 percent. For the stock market month of August, however, the index is down only 0.7 percent and still up an outstanding 20 percent since the beginning of the year. The MDax index of medium-sized companies closed 0.24 percent lower on Friday at 30,286.90 points.
The DAX is in danger of running out of steam in its battle to reach the 24,000-point mark, warned capital market strategist Jürgen Molnar from the trading house Robomarkets. “The pitcher goes to the well until it breaks.” However, according to the expert, there is no need to fear panic selling. He sees the next support level for the DAX, which has now fallen well short of its record high of 24,639 points in July, at 23,500 points. Economic data from both sides of the…
