FRANKFURT (dpa-AFX) – The DAX continued its recent gains on Friday. The German benchmark index rose 0.5 percent to 22,179 points, heading for a substantial weekly gain of currently 4.6 percent.
The MDax index of medium-sized companies rose by 0.8 percent to 28,125 points on Friday. The EuroStoxx 50, the leading index for the eurozone, rose by 0.7 percent. “Optimism about interest rate cuts and tariffs is pushing stocks higher,” said a commentary by UBS.
The trade dispute between the US and China remains in focus. US President Donald Trump insists that both sides are negotiating, even after Beijing denied this. When asked at a meeting with Norwegian Prime Minister Jonas Gahr Støre about Beijing’s statement that there were no negotiations, Trump said: “Well, they had a meeting this morning, and we met with China.”
“Investors are betting that the positive news in the tariff dispute will continue,” wrote market…
