FRANKFURT (dpa-AFX) – The mood on the German stock market continued to deteriorate at the end of an eventful week. Investors are currently concerned about high valuations in the US technology sector. The leading index, the DAX, quickly slipped into negative territory on Friday, falling below 23,500 points at times, but support that had held for several months remained in place this time as well.
At the close of trading, the DAX was down 0.69 percent at 23,569.96 points. This represents a weekly loss of 1.6 percent. The MDAX, which tracks medium-sized companies, lost 0.57 percent on Friday to 28,793.94 points.
The week was dominated by the reporting season. According to US investment bank JPMorgan, a good three-quarters of all companies in Europe and the US have now presented their financial results. Earnings growth averaged 15 percent in the US and around one percent in Europe. However, the increase in Europe was even…
