FRANKFURT (dpa-AFX) – Hopes of a rapprochement between the US and China in the tariff dispute further boosted the DAX’s recovery on Friday. The German benchmark index closed 0.81 percent higher at 22,242.45 points at the end of the week, posting a weekly gain of almost five percent – the biggest gain since January 2023. Since the slump on April 7, the DAX has gained around a fifth. The MDax index of medium-sized companies rose by 1.39 percent to 28,294.65 points on Friday.
In the trade dispute between the US and China, US President Donald Trump insists that both sides are negotiating, even after Beijing denied this. When asked about Beijing’s statement that there were no negotiations, Trump said, “Well, they had a meeting this morning, and we met with China.” In addition, media outlets such as the US television station CNN reported that Beijing had quietly withdrawn retaliatory tariffs on some semiconductors manufactured…
