FRANKFURT (dpa-AFX) – The Dax started September with little momentum on Monday. Without any impetus from Wall Street, which was closed for the holiday, the leading German index was up 0.13 percent to 18,930.85 points at the close of trading. It thus remained below its record high of 18,970 points on Friday. In the turbulent month of August, the Dax had recorded a positive result. The MDax of medium-sized German stock exchange companies fell by 0.24% to 25,642.29 points on Monday.
The outcome of two state elections in eastern Germany did not appear to be a major burden for Dax & Co. The AfD’s victory in Thuringia and its second place in Saxony were a poor reflection of the federal traffic light system, but this is unlikely to have a direct impact on federal politics, commented expert Greg Fuzesi from US bank JPMorgan. In addition, the AfD is likely to be excluded from forming a government because other parties have refused…
