FRANKFURT (dpa-AFX) – The Dax closed higher for the tenth consecutive trading day on Monday. Investors are already waiting for the annual central bank meeting in Jackson Hole. They are preoccupied with the question of what insights this event, which will take place towards the end of the week, will bring regarding US monetary policy.
The leading German index gained 0.54% to 18,421.69 points. The MDax of medium-sized German companies rose by 0.58 percent to 24,955.08 points.
Almost two weeks ago, worries about recession, the Middle East conflict and speculation on the foreign exchange market had temporarily shaken stock markets around the world. However, a large part of the price slide, which had pushed the DAX close to 17,000 points, has since been offset.
Fears of recession have eased following the recent positive economic data from the USA. Looking ahead to the annual meeting of central bankers in the US state…
