FRANKFURT (dpa-AFX) – On Thursday, the DAX set its sights on the 25,000-point mark for the first time. After falling just a few points short of its record high from July in the middle of the week, the leading index surpassed this mark right at the start of trading and rose to 24,771 points. However, the gains then crumbled almost completely in the course of the afternoon. Optimism gave way again to a sober view, whether in relation to the government crisis in France or the AI-driven rally of US technology stocks.
The DAX ended the day up 0.06 percent at 24,611.25 points. In September, it had consolidated below 24,000 points. Since the beginning of October, it has been on the rise again. Capital market strategist Jürgen Molnar of Robomarkets spoke in the morning of “seven-league boots” with which the DAX was marching toward 25,000 points.
Initially, the prospect of further interest rate cuts in the United States and…
