FRANKFURT (dpa-AFX) – The Dax has stabilized after its slide on Thursday. The leading German index had traded slightly in the red for a long time on Friday, before finally making a very thin gain and closing at 22,551.43 points. Over the week, the Dax rose by 1.2 percent. The gain for the end of February amounted to 5.2 percent.
The MDax of medium-sized companies lost 0.91 percent to 28,298.44 points on Friday. US President Donald Trump’s recently imposed tariffs against China, Canada and Mexico remain a key issue on the market. According to Ulrich Kater, Chief Economist at Dekabank, the latest announcements have shaken an important conviction: The chances of “deals” are estimated to be lower, but concerns about the burdens on the economy resulting from tariffs have increased.
Portfolio manager Thomas Altmann from asset manager QC Partners tried to put the recent price losses in Germany into perspective compared to…
