FRANKFURT (dpa-AFX) – The German stock market got off to an auspicious start to the new stock market year on Thursday. With its early gains, the Dax overcame poor data from China. However, this development is not broad-based, as many investors are not likely to return to the market for a few days due to the short week.
In the opening minutes, the Dax managed to return above the 20,000-point mark for the first time since December 19. The leading German index was last up 0.56% at 20,020.23 points.
The MDax, which includes medium-sized German stocks, rose by 0.64% to 25,752.48 points. The leading eurozone index EuroStoxx rose by 0.3 percent.
Market observer Jürgen Molnar from the broker Robomarkets spoke of “fresh momentum” and pointed out that the first days and weeks of a new stock market year are usually accompanied by optimism, capital inflows and thus rising share prices./tih/mis
