FRANKFURT (dpa-AFX) – The DAX took a somewhat more leisurely approach to its record high on Monday. After its recent rally to over 23,000 points, the German benchmark index was up 0.11 percent at 23,112 in the first few minutes of trading. The focus remains on hopes for rapid progress on possible tariff agreements between the US and other countries.
The start of May was successful at the end of last week with a continuation of the recovery rally. This had brought the German benchmark index closer to its record high of 23,476 points. Since the sell-off at the beginning of April in the wake of the tariff conflicts triggered by the US, which only bottomed out at 18,489 DAX points, the index has gained a quarter. Looking back, analyst Jochen Stanzl from broker CMC Markets said the slump in prices in April was a normal correction in an intact bull market.
The MDax index of medium-sized companies rose by 0.27 percent to…
