Stock exchange in Frankfurt - Close Dax gain - but monthly and quarterly loss
In the coming week, the DAX recorded a gain of 0.4 percent, while the balance for June showed a negative result. Since the beginning of the year, there has been a price increase of approximately 9 percent. However, this is largely due to the strong performance in the first quarter, followed by a decline of 1.4 percent in the second quarter despite temporary records. According to analyst Konstantin Oldenburger from broker CMC Markets, it is uncertain how it will continue. Typically, a summer lull is expected, but stock rallies in this season are also common in US election years, the expert pointed out.
The MDax of medium-sized stock exchange companies closed 0.78 percent lower on Friday at 25,176.06 points. The Eurozone leading index EuroStoxx bid farewell 0.2 percent weaker into the weekend. In Paris and London, stock prices also fell. In contrast, the US leading index Dow Jones Industrial closed relatively moderately compared to the European stock exchanges, as did the Nasdaq 100, dominated by technology titans.
- Despite the recent quarterly loss, the DAX, the German stock exchange in Frankfurt am Main, managed to record a minor gain in the previous week.
- The MDax, another index representing medium-sized companies on the Frankfurt stock exchanges, experienced a decline of 0.78 percent last Friday.
- Analysts often predict a summer lull in the stock market, but unusual stock rallies during US election years have been observed in Frankfurt as well.
- The strong performance of the DAX in the first quarter significantly contributed to the total price increase of approximately 9 percent this year, but this was followed by a quarterly loss in the second quarter.
