FRANKFURT (dpa-AFX) – After stagnating at the start of the week, the DAX continued to show its lethargic side on Tuesday. Around midday, the leading German index hovered around its previous day’s closing price of 24,380 points. It thus remains below the 24,500 mark. If it breaks out upwards, it could reach its previous record high of 24,639 points set in July. “The DAX is consolidating at a high level,” wrote analyst Jochen Stanzl from broker CMC Markets.
Investors are keeping an eye on the tense political situation in neighboring France, which is heavily indebted. However, the experts at Index Radar do not expect any contagion effects on other markets. The European Central Bank (ECB) has sufficient instruments at its disposal to contain turbulence on the bond markets.
The MDax, which tracks medium-sized German companies, fell 0.23 percent to 30,807 points on Tuesday. The Eurozone’s leading index, the EuroStoxx 50,…
