FRANKFURT (dpa-AFX) – The agreement reached by the CDU/CSU and SPD with the Greens on billions in investments in defense and infrastructure has brought the DAX to a promising end to the week. On Friday, the leading German index closed 1.86 percent higher at 22,986.82 points. At times it even climbed back above the 23,000-point mark. It thus almost completely made up for its considerable weekly loss. The MDax of medium-sized companies gained 2.44 percent to 29,164.60 points before the weekend.
“Investor sentiment has turned around in one fell swoop today,” commented market analyst Jochen Stanzl from CMC Markets. With the regained financial flexibility, Germany can now tackle necessary structural reforms and at the same time hope for an end to the economic slump. The current Bundestag is to approve the financial package of the CDU/CSU and SPD with the support of the Greens on Tuesday. The Federal Constitutional Court…
