FRANKFURT (dpa-AFX) – The DAX rose moderately on Friday. After climbing to just over 24,181 points, it lost some momentum at the end of what was overall a good week. The German benchmark index closed trading up 0.27 percent at 23,997.48 points. Its record high, reached on Wednesday, stands at just under 24,326 points. The MDax index of medium-sized stocks fell 0.34 percent to 30,594.39 points on Friday.
For the week as a whole, the DAX gained 1.6 percent. May, which is coming to an end and is usually considered a bad month for the stock market, performed even better, with growth of 6.7 percent. For the first time, Germany’s most important barometer rose above the 24,000-point mark. Hopes for a resolution to the tariff disputes and the new German government’s billion-dollar investment program were key factors driving the rise in share prices.
Although the tariff issue continues to cause uncertainty, it seems to have…
