FRANKFURT (dpa-AFX) – After slight gains the previous day, the DAX slipped back into reverse on Thursday. The main drag on the local stock markets at times was the price losses of heavyweight SAP and shares from the Siemens family. Medical technology stocks were also under pressure. However, following the opening of the US stock markets, the German benchmark index DAX was able to significantly reduce its losses in the afternoon.
The stock market barometer ultimately closed the evening down 0.56 percent at 23,534.83 points. This meant that the DAX ended trading around 150 points above its daily low. The MDAX, which tracks medium-sized companies, lost 0.91 percent to 30,034.59 points.
The DAX has been searching for direction for around a month now. According to stock market experts, many investors remained on hold on Thursday as important inflation data is expected in the US before the weekend. Market observer Andreas…
