FRANKFURT (dpa-AFX) – The German stock market continued on Monday morning where it left off on Friday. The DAX fell by 0.3 percent to 23,578 points in the first few minutes of trading. The MDAX index of medium-sized companies also fell by 0.3 percent to 30,117 points. The Eurozone’s leading index, the EuroStoxx 50, remained virtually unchanged.
Analyst Jochen Stanzl of CMC Markets spoke of the DAX’s continuing September blues, while the US stock markets are rushing from record to record in the wake of the first US interest rate cut this year. “While investors in the US are encouraged by the lowest number of profit warnings in a year, they fear numerous negative surprises here in Germany. The DAX remains within the trading range that has held it captive for a good three weeks now,” explained Stanzl./edh/jha/
