Frankfurt Stock Exchange opening: DAX approaches record high in holiday trading

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FRANKFURT (dpa-AFX) – On German Unity Day, the DAX ventured a little further towards a record high. The leading German index rose by 0.36 percent to 24,510 points on Friday. The current record high from July stands at 24,639 points and is therefore within reach.

The MDAX, which tracks medium-sized German companies, rose 0.75 percent to 30,965 points. The Eurozone’s leading index, the EuroStoxx 50, rose 0.33 percent.

In the United States, the S&P 500 and Nasdaq indices reached further record highs on Thursday, even though the government shutdown continues. One consequence of this partial shutdown of government operations since the beginning of October is that the labor market report for September, scheduled for Friday, will probably not be published. Until a political agreement on a transitional budget is reached, no data will be published by government agencies.

The fact that the US stock market is currently…

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