FRANKFURT (dpa-AFX) – The German stock market closed higher on Tuesday. Market expert Andreas Lipkow spoke of classic summer trading. Fresh economic data had little impact on share prices.
The Dax rose somewhat in late trading in the slipstream of the upturn on Wall Street and ended up 0.48 percent at 17,812.05 points, after stagnating the day before. The MDax of medium-sized companies ultimately rose by 0.70 percent to 24,321.70 points on Tuesday.
The economic expectations of German financial experts deteriorated more significantly than expected in August. “The economic outlook for Germany is collapsing,” commented ZEW President Achim Wambach on the data. “This suggests that economic expectations remain under the impression of high uncertainty, driven by an unclear monetary policy, disappointing business figures from the US economy and growing concerns about an escalation of the Middle East conflict.”
In the US,…
