FRANKFURT (dpa-AFX) – After a setback driven by economic concerns, the DAX recovered somewhat at the start of the week. The German benchmark index rose 1.42 percent to 23,757.69 points on Monday after losing 2.7 percent on Friday. Despite the recent price losses, the stock market barometer is still up more than 19 percent for the year. The MDax index of medium-sized stocks rose 0.78 percent to 30,553.41 points.
With Friday’s drop below 23,500 points, the DAX has finally shifted from consolidation to correction mode, emphasized capital market strategist Jürgen Molnar from the trading house Robomarkets. “Even if we see slight recovery movements in the coming days, the overall direction is likely to remain downward for the time being,” the expert believes.
According to Molnar, one reason for the recent shift in sentiment is Donald Trump’s decision to dismiss the head of the Bureau of Labor Statistics. The US president…
