FRANKFURT (dpa-AFX) – Hopes for a de-escalation in the US tariff dispute and the jump in SAP shares pushed the DAX above 22,000 points on Wednesday. However, the leading index was unable to hold above this psychologically important mark. Trading remains nervous and volatile, warned chief market analyst Jochen Stanzl of broker CMC Markets.
The DAX ended the day up 3.14 percent at 21,961.97 points. The MDAX rose 1.41 percent to 27,663.22 points. The EuroStoxx 50, the leading index for the eurozone, rose by 2.77 percent to 5,098.74 points. The leading stock exchanges in London and Zurich also gained. In the US, the Dow Jones Industrial gained just under 2 percent at the close of trading in Europe. The Nasdaq indices, which are predominantly composed of technology stocks, posted even more significant gains.
“Today, two short headlines were enough to put investors back in a buying mood. Trump wants to be ‘nice’ to China…
