FRANKFURT (dpa-AFX) – The Dax shook off its temporary weakness after a record high in the course of trading on Tuesday. Thanks in part to the friendly expectations for the US stock market, where new highs are also on the horizon after the holiday-related extended weekend, the leading German index was trading 0.22 percent higher at 22,849.26 points in the afternoon.
The MDax even rose by 1.20 per cent to 28,492.68 points and reached another high since August 2023. The Eurozone’s leading index, the EuroStoxx 50, also continued its record run with a gain of 0.41 per cent after breaking its record set at the turn of the millennium the previous day.
“The thousand markers are falling in the Dax almost on a weekly basis,” commented capital market strategist Jürgen Molnar from RoboMarkets. He recalled that the index broke through the 22,000 point barrier for the first time a week ago and approached the next round hurdle of…
