FRANKFURT (dpa-AFX) – After the holiday break, the DAX got off to a strong start in May on Friday. With positive signals from overseas, the German benchmark index rose by 1.35 percent to 22,799.99 points in the first minutes of trading. This marks the eighth consecutive day of gains and a weekly increase of 2.5 percent – the record high of 23,476 points set in March is getting closer and closer.
“Investors are hoping that the first 100 days of the new German government will be more successful for the German economy than the first 100 days for the US economy under President Donald Trump,” commented analyst Jochen Stanzl from broker CMC Markets. The DAX had already gained 1.5 percent in April. This was due to the recovery rally following the slump caused by the global tariff conflict triggered by the US.
The MDax index of medium-sized companies rose by 1.03 percent to 29,034.32 points on Friday morning. The EuroStoxx…
