FRANKFURT (dpa-AFX) – Profit-taking after the recent record chase pushed the DAX below the 23,000-point mark for a time on Friday. However, the eagerly awaited US labor market report helped it back on its feet somewhat. Ultimately, the leading German index lost 1.75 percent to 23,008.94 points.
Over the week, however, the Dax posted a clear gain of 2.0 percent after climbing above 23,000 points for the first time on Monday. Over the past few days, the billions in loans for defense and infrastructure planned by the expected future coalition government had boosted the stock market barometer. The MDax benefited even more from this impetus, posting a weekly gain of 4.5 percent. On Friday, the index of medium-sized companies closed 2.41 percent lower at 29,560.30 points.
The US economy created fewer jobs than expected in February. In addition, the increase in employment in the two previous months was revised downwards…
