FRANKFURT (dpa-AFX) – The German stock market maintained its recovery of the past three weeks in mid-week trading. However, ahead of the May 1 holiday on Thursday, when local stock exchanges will be closed while trading continues in the US, investors were somewhat cautious so as not to be caught on the wrong foot, said one stock market trader.
For the DAX, it was the seventh consecutive trading day with positive signs, although the leading index slipped into negative territory on Wednesday afternoon in the wake of disappointing US economic data. Ultimately, it gained 0.32 percent to 22,496.98 points. The MDax index of medium-sized companies closed with a gain of 1.07 percent at 28,737.65 points.
The deep dip in the DAX since the beginning of the month, which was caused by US tariff policy, has been completely offset. The leading index posted a gain of 1.5 percent for April. Since the beginning of the year, the…
