FRANKFURT (dpa-AFX) – The DAX regained ground on its record high in midweek trading. It had reached this level in the previous week at almost 24,326 points. In early trading on Xetra on Wednesday, the German benchmark index gained 0.60 percent to 24,237 points.
Clear gains on the US and Asian stock markets and tax cut plans in Germany supported the market. The German cabinet plans to unveil a multi-billion-euro package of tax cuts on Wednesday to kick-start the German economy. A statement by US President Donald Trump that it would be difficult to achieve a trade deal with Chinese President Xi somewhat counteracted this.
The MDax index of medium-sized companies rose by 0.67 percent to 30,980 points on Wednesday. The EuroStoxx 50, the leading index for the eurozone, rose by around 0.4 percent.
With support from Wall Street, investors on the German stock market regained their courage, according to experts at…
