FRANKFURT (dpa-AFX) – Despite weak industrial data, investors on the German stock market have once again taken hold at the end of a fairly strong week. Industrial production in Germany fell by 2.5 percent in May, while analysts had expected a slight increase on average. It is the most significant setback since the end of 2022. The production figures were disappointing across the board, commented economist Thomas Gitzel from VP Bank.
On Friday, the DAX rose to its highest level since mid-June and was last up 0.72% at 18,584.04 points. This indicates a weekly gain of almost two per cent for the leading index and the third consecutive week of stabilization. It has largely made up for the price correction in mid-June and can even slowly look back towards the May record of 18,892 points.
The MDax continued its recovery on Friday morning and recently gained 1.13% to 25,826.85 points. The index of medium-sized German stocks…
