FRANKFURT (dpa-AFX) – The DAX took a breather after its recent climb on German Unity Day. Thanks to a friendly start, it initially broke through the 24,500-point barrier, which it had failed to overcome the previous day. But then it quickly lost momentum. The German benchmark index ultimately lost 0.18 percent on Friday to 24,378.80 points. However, it still managed to post a weekly gain of 2.7 percent – the highest since the beginning of August. The record high of 24,639 points from July remains within reach.
Market participants held back and focused on defensive sectors, commented financial market expert Andreas Lipkow on market activity. “A few courageous buyers were found for stocks from cyclical sectors.” Shares in BASF, Daimler Truck Continental, and Mercedes-Benz benefited from this.
The MDax index of medium-sized companies closed 0.66 percent higher at 30,936.49 points before the weekend. The Eurozone’s…
