FRANKFURT (dpa-AFX) – The German stock market made an attempt to stabilize at the end of the week after the significant drop of the previous day. The Dax rose by 0.03 percent to 18,271.83 points in the first few minutes of trading. The leading index is thus heading for a clear weekly loss of around 1.5 percent.
The MDax, which includes mid-caps, gained 0.23 percent to 26,133.82 points on Friday morning. The EuroStoxx 50, the leading index for the eurozone, initially stagnated.
The chart picture for the Dax had clouded over with Thursday’s fall of around two percent. “The Dax remains in difficult waters – both technically and psychologically,” wrote chart expert Martin Utschneider from Finanzethos in the morning.
In addition to the political uncertainty in France and the discussion about a customs dispute with China, the reluctance of the US Federal Reserve to cut interest rates is currently preventing investors…
