FRANKFURT (dpa-AFX) – After a positive week so far, the German stock market showed little movement at the opening on Friday. The DAX fell by 0.2 percent to 24,145 points in the first minutes of trading. This means that the German benchmark index is on track for a weekly gain of around 3 percent.
The MDax index of medium-sized stocks rose by 0.1 percent to 31,350 points on Friday morning. The Eurozone’s leading index, the EuroStoxx 50, also gained around 0.1 percent.
“While stock market traders are becoming increasingly numb to negative tariff news, they are extremely receptive to positive news,” said market analyst Thomas Altmann of QC Partners. “The prospect of direct talks between Vladimir Putin and Donald Trump is currently playing a more important role on the stock markets than the higher tariffs against Switzerland and India.”/edh/zb
