FRANKFURT (dpa-AFX) – The Dax recorded its third consecutive record day on Friday. Shortly before Donald Trump took office as U.S. President, the leading index rose above the 20,700 point mark for the first time in early trading. Most recently, it was up 0.33 percent at 20,724. Over the course of the week, it has thus expanded its gain to 2.5 percent and its annual gain to more than four percent.
The Dax’s robust start overlooked the fact that trading on the bellwether Wall Street had faltered the previous evening. Before the United States gets a familiar face back in Trump, investors there went on the defensive, especially with regard to technology stocks. His inauguration will take place on Monday, when trading in the US will be paused for Martin Luther King Day. US investors are thus also positioning themselves for an extended weekend.
In the second German stock market, the MDax rose by 0.51 percent to 25,642…
