FRANKFURT (dpa-AFX) – German shares were again unable to keep pace with the New York stock markets on Wednesday. While the Dow Jones Industrial had continued its record rally on Wall Street the evening before, the Dax started trading slightly down.
After two recent days of losses, the leading German index fell by 0.08% to 18,503 points in the opening minutes. The MDax was up 0.06 percent, but the EuroStoxx, the leading index in the eurozone, lost 0.6 percent – weighed down by losses in the chip industry supplier ASML.
In a global comparison, the Dow is currently taking over the leading role most recently held by the technology stock exchange Nasdaq. Since the assassination attempt on Donald Trump, investors are increasingly betting on a second term as US President and are favoring blue chips in the United States. The Dow also still has catch-up potential, as with an annual gain of 8.7 percent in 2024, it has so far…
