FRANKFURT (dpa-AFX) – The German stock market defied the significant losses of the US stock market on Tuesday and opened on a friendly note. The Greens’ renewed willingness to negotiate with a view to a possible approval of the planned billion-euro defense and infrastructure package of the CDU/CSU and SPD is seen as a supportive factor. Without the planned financial package, the CDU/CSU and SPD would lack the financial basis for the coalition negotiations scheduled to begin on Thursday.
The Dax rose by 0.29 percent to 22,685.96 points in the first few minutes of trading. The German leading index has apparently already anticipated the renewed fall in share prices on the other side of the Atlantic due to increasing concerns about recession: The Dax had recently corrected by up to 4 percent from its record of 23,475 points on Thursday.
The MDax of medium-sized companies gained 0.17 percent to 29,075.92 points on Tuesday…
