FRANKFURT (dpa-AFX) – On Wednesday, the DAX impressively defied the so-called “shutdown” in the US. After a cautious start, it soon turned positive and ultimately rose by 0.98 percent to 24,113.62 points. This marked the fourth consecutive day of gains for the leading German index, which also surpassed the 24,000-point mark for the first time in a month. The MDAX, which tracks medium-sized companies, rose a further 0.63 percent to 30,459.59 points.
In Europe, too, the US shutdown did not scare investors. The Eurozone’s leading index, the EuroStoxx 50, closed 0.9 percent higher. London and, even more so, Zurich also posted clear gains. In contrast, the New York stock exchanges recorded only modest price increases.
After the deadline for a transitional budget expired, government business in the US came to a partial standstill. Republicans and Democrats in Congress were unable to agree on bridge financing, which is why…
