FRANKFURT (dpa-AFX) – On Monday, the DAX broke through the 24,000-point mark for the first time since late June, shrugging off the looming deadline for a resolution to the trade dispute between the United States and the European Union. According to previous statements by US President Donald Trump, additional tariffs on imports from the EU could take effect as of this Wednesday if the EU does not meet US demands on trade issues.
At the close of trading, Germany’s blue-chip index was up 1.20 percent at 24,073.67 points, further distancing itself from the 21-day moving average, a key indicator for short-term trends. However, the DAX remains some distance from its roughly month-old record high of 24,479 points.
The MDAX, which tracks mid-cap companies, climbed 1.54 percent to 30,746.88 points on Monday. The Eurozone’s leading index, the EuroStoxx 50, rose 1.00 percent to 5,341.54 points.
“Market participants…
