FRANKFURT (dpa-AFX) – The DAX remains at a high level. Since jumping above 24,500 points on Friday, which was quickly followed by profit-taking, the leading German index has moved only slightly. On Tuesday, it closed up 0.03 percent at 24,385.78 points. Market analysts spoke of consolidation.
Despite the turmoil in neighboring France, which is heavily indebted, the record high of 24,639 points set in July remains within reach. All in all, investors remain calm, as experts believe that there is little risk of contagion to other markets. The European Central Bank (ECB) has sufficient instruments at its disposal to contain turbulence on the bond markets, according to Index Radar, for example.
The MDax, which tracks medium-sized German companies, ended Tuesday down 0.14 percent at 30,836.16 points. The Eurozone’s leading index, the EuroStoxx 50, fell 0.27 percent to 5,613.62 points. Outside the eurozone, the SMI in Zurich…
