FRANKFURT (dpa-AFX) – After moderate losses the previous day, the DAX started July with a slight gain. Shortly after the start of trading, the German benchmark index was up 0.3 percent at 23,974 points. “After the price gains of the past few days, the current consolidation in the DAX is more than healthy,” emphasized analyst Jochen Stanzl of CMC Markets. He currently sees no “real positive momentum” and considers the stock market barometer attractive for profit-taking at a level above 24,000 points.
The MDAX rose by 0.1 percent to 30,510 points on Tuesday morning. The Eurozone index EuroStoxx 50 rose by 0.2 percent.
Some impetus is coming from Wall Street, where the Dow Jones Industrial Average has continued its recovery rally to its highest level since February. Meanwhile, the Nasdaq indices and the broad-based S&P 500 set new records. The highest prices were reached well after the close of European trading. China’s…
