FRANKFURT (dpa-AFX) – After three days of moderate losses, the DAX stabilized somewhat on Thursday. By the close of trading, Germany’s blue-chip index was down just 0.03 percent at 24,039.92 points. Neither the eagerly awaited financial results from AI chip specialist Nvidia nor economic data provided any significant impetus for the market.
In the short term, it is now crucial that the DAX does not fall sustainably below the 24,000-point threshold, wrote analysts at Landesbank Helaba. Midweek, the stock barometer temporarily dipped below this closely watched round number. The MDAX, which tracks mid-cap companies, ended Thursday down 0.41 percent at 30,358.46 points.
There was also no clear direction in the rest of Europe. The Eurozone’s benchmark EuroStoxx 50 edged up slightly. Switzerland’s SMI closed 0.1 percent higher, while the UK’s FTSE 100 slipped somewhat. In New York,…
