FRANKFURT (dpa-AFX) – After its second correction within a week, the DAX slipped only marginally on Wednesday. The German benchmark index fell by 0.23 percent to 24,181.37 points. “By successfully defending the 24,000 mark, the DAX has overcome its bout of weakness from Friday,” summarized capital markets strategist Jürgen Molnar of trading house Robomarkets.
Hopes for falling interest rates in the United States provided support after Federal Reserve Chairman Jerome Powell highlighted the continued deterioration in the labor market outlook. In addition, in France’s political crisis, the Socialists have rallied behind Prime Minister Sébastien Lecornu to prevent the government from being toppled.
On Tuesday, the DAX temporarily slipped below 24,000 points. The stock barometer had already experienced its first downturn before the weekend, after climbing to a record high of 24,771 points on Thursday. Renewed…
