FRANKFURT (dpa-AFX) – The major indices on the German stock market were directionless on Tuesday. As on the previous day, second-tier stocks outperformed the 40 standard stocks. The MDax closed up 0.60 percent at 28,086.48 points, while the leading Dax index ultimately fell by 0.07 percent to 22,410.27 points.
The medium-sized companies in the MDax are more dependent on Germany’s economy and have therefore suffered more from the economic downturn in Germany in the past than the global companies in the Dax. With hopes of an economic upturn in Germany following the CDU/CSU’s election victory, MDax shares are now catching up.
The focus in Germany is on the exploratory talks to form a government. “The challenges for the economy are huge. In order to master them, the new federal government and companies must now act jointly and decisively,” demands the German Chamber of Industry and Commerce (DIHK). A rapid change in the…
