FRANKFURT (dpa-AFX) – The DAX lost momentum on Friday, closing just below its record high. At midday, it had climbed to 23,887 points, approaching its record high set just a few days ago. Ultimately, however, it gave up some of its gains and closed 0.30 percent higher at 23,767.43 points. US economic data dampened the mood slightly. Prices for imported goods rose again slightly in April, which came as a surprise.
At the beginning of the week, a rapprochement between the US and China in the tariff dispute had initially pushed the DAX up to 23,911 points. Since then, however, the German benchmark index has been unable to get any closer to the 24,000 mark. “In recent trading weeks, the weekends were often critical for unforeseeable surprises,” wrote market observer Andreas Lipkow. On Friday, therefore, some investors became nervous and took profits.
Nevertheless, the DAX gained a good one percent over the week,…
