FRANKFURT (dpa-AFX) – After reaching a record high the previous day, the DAX rose to a new high before the weekend. In early trading on Friday, the DAX rose 0.3 percent to 24,676 points. The previous day, the stock market barometer had reached a historic high of 24,771 points, but then lost almost all of its gains.
DAX companies benefited from stable global growth, good positioning in growth areas, favorable financing, fiscal stimulus, solid earnings prospects, and reasonable valuations, wrote Joachim Schallmayer, capital market strategist at Dekabank. The DAX records showed that in times of government debt, building and maintaining real wealth is essential.
The MDAX, which tracks medium-sized German companies, was down moderately by 0.1 percent at 30,885 points. The Eurozone’s leading index, the EuroStoxx 50, rose by 0.3 percent./bek/mis
