FRANKFURT (dpa-AFX) – Similar to earlier in New York, the DAX rose sharply on Wednesday. The German benchmark index rose 2.1 percent to 21,748 points, approaching the 22,000-point mark again, where a slide in prices had begun in early April due to US President Donald Trump’s tariff policy.
The tailwind came from signals regarding US tariff policy as well as from SAP. The index heavyweight, which had recently come under pressure, presented strong business figures. The software group reported a significantly higher operating profit than analysts had expected. SAP shares jumped by a good nine percent.
The MDax index of medium-sized companies rose by 0.9 percent to 27,521 points. The EuroStoxx 50, the leading index for the eurozone, rose by 1.9 percent.
Overall, signals regarding the US trade dispute with China are giving cause for hope. During the swearing-in ceremony for the new head of the Securities and Exchange…
