FRANKFURT (dpa-AFX) – Following signs of an easing in the US-China trade dispute, prices on the German stock market continued to rise on Monday. A few minutes after opening, the DAX gained 0.23 percent to 24,297 points.
The MDAX for medium-sized stock market companies rose by 0.39 percent to 30,411 points. The Eurozone’s leading index, the EuroStoxx 50, rose by 0.3 percent.
China and the US have reached a preliminary agreement, Li Chenggang, deputy secretary of the Chinese Ministry of Commerce, said on Sunday after talks with the US side. “The signals coming out over the weekend were extremely positive,” commented market expert Thomas Altmann from asset manager QC Partners.
In Asia, investors celebrated the news on Monday with a rally in share prices. Japan’s leading index, the Nikkei 225, rose above the 50,000-point mark for the first time.
