FRANKFURT (dpa-AFX) – Prices on the German stock market recovered on Wednesday with support from the US. After the opening on Wall Street, the DAX rose significantly. The German leading index also surpassed the 24,000-point mark again and closed up 0.42 percent at 24,049.74 points. This continues the somewhat directionless trend seen this week: bargain hunters are active below the round mark, while above it there is a risk of profit-taking.
In contrast to the DAX, the MDAX index of medium-sized companies was unable to hold on to its interim gains in the middle of the week, closing the day down 0.18 percent at 29,374.55 points.
In the US, the mood among service providers brightened more than expected in October. In addition, according to the labor market service provider ADP, more jobs were created in the private sector in the United States last month than forecast. On the one hand, the data dampens expectations of…
