FRANKFURT (dpa-AFX) – After a slightly weaker August, the DAX has kicked off September on a positive note. On Monday, Germany’s benchmark index closed up 0.57 percent at 24,037.33 points, climbing back above the key 24,000-point mark around which it had recently been fluctuating. However, fresh market impulses were scarce, as trading in the United States was closed due to the “Labor Day” holiday. Meanwhile, the MDAX of mid-cap companies gained 0.53 percent to reach 30,466.03 points.
Positive sentiment was fueled by a surge in sales of AI-related products at Chinese e-commerce giant Alibaba. In addition, business sentiment among industrial companies in the eurozone improved in August, more than initially estimated. However, the first estimate for Germany was revised slightly downward.
For the DAX, the focus remains on not losing sight of the 24,000-point threshold–or ideally, holding above it–to avoid sending a…
