FRANKFURT (dpa-AFX) – The German stock market is set to seal a strong week on Friday. In early trading, the DAX climbed to just under 23,867 points, surpassing its previous weekly high, which was set on Tuesday in the wake of the ceasefire between Israel and Iran. It also managed to break through its 21-day average, which had recently provided resistance. This is considered an indicator of the short-term trend.
In early trading, the DAX was then up 0.64 percent at 23,800 points. This extended its weekly gain to around two percent. The MDAX rose 0.16 percent to 30,149 points on Friday, while the Eurozone index EuroStoxx 50 rose more significantly by 0.8 percent.
Meanwhile, the situation in the Middle East has receded somewhat into the background, and investors are currently putting fears surrounding tariff disputes to one side. The focus is once again on the megatrend of artificial intelligence, NATO’s spending…
