FRANKFURT (dpa-AFX) – The German stock market ended a successful week on a strong note. In late trading, the indices received an additional boost from speculation about a trade agreement between the European Union and the US that is said to be close. Car stocks in particular benefited from the more favorable tariff outlook.
On Friday, the DAX rose above the much-watched 24,000-point mark again to its highest level in more than two weeks, closing with a gain of 1.62 percent at 24,033.22 points. This resulted in a weekly gain of just under three percent.
The MDax rose by 0.85 percent to 30,357.94 points on Friday. The SDax ended the day up 1.64 percent at 17,429.27 points, its highest level in three and a half years. This means that the small-cap index is now only around 20 points away from its record high.
According to media reports, European Commission President Ursula von der Leyen is confident that the EU and…
