FRANKFURT (dpa-AFX) – The German stock market showed no clear direction on Friday. The DAX ultimately lost 0.02 percent to 23,698.15 points. This represents a gain of just under half a percent for the week. Overall, however, the leading index remains in a consolidation phase after its strong run until the beginning of July. The MDAX index of medium-sized companies ended the week 0.10 percent higher at 30,175.16 points.
From the perspective of capital market strategist Jürgen Molnar from broker Robomarkets, the DAX has had a “rough week.” While the US stock markets were carried to record highs by interest rate cut speculation and surprisingly positive news from the technology sector, the DAX is treading water. The main reason for this is geopolitical uncertainty both in the Middle East and with regard to Russian drones entering Polish airspace. “There is considerable potential for escalation here, and investors are…
