FRANKFURT (dpa-AFX) – The victory of the CDU/CSU in the Bundestag elections fueled hopes of an economic recovery in Germany on Monday and boosted the MDax in particular on the stock market. The stock market barometer closed up 1.52 percent at 27,918.55 points. The index, which includes medium-sized companies, has thus closed the gap on the Dax so far this year. The leading German index ultimately rose by 0.62% to 22,425.93 points on Monday.
The MDax had always underperformed the Dax in recent years. It thus reflected the situation of medium-sized companies, which are more dependent on Germany’s economy and have therefore suffered more from the economic downturn in Germany than the globally positioned companies in the Dax.
Market observers said that hopes of an improving economy were helping medium-sized and somewhat smaller companies. Since the beginning of the year, the MDax is now up almost 9 percent, while the Dax…
