Stock exchange in Frankfurt - Dax continues to climb towards record high
Supported by further records on the US stock markets, prices on the German stock market also rose on Thursday. The Dax gained 0.23 percent to 16,781 points in the first few minutes of trading. It had reached its record high in mid-December at just over 17,000 points. The MDax of medium-sized companies rose by 0.15 percent to 27,198 points in the morning. The leading eurozone index EuroStoxx 50 rose by 0.29 percent to 4541 points.
However, turnover is low on the penultimate trading day of the year as many investors are on vacation. Important economic data or company news are also not on the agenda. In the afternoon, only weekly US labor market data and data from the US real estate market will be published.
With gains of around 20% for the Dax and EuroStoxx so far, 2023 has been a successful year on the stock markets. The MDax rose by a good 8 percent in the same period.
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The records on the US stock markets influenced the rise in prices on the German stock market, specifically in Frankfurt. The Dax, a prominent index for German shares, approached its record high reached in mid-December. The EuroStoxx 50, a leading eurozone index, also showed an increase. The Frankfurt Stock Exchange, where these transactions take place, serves as a major hub for trading in Germany. The MDAX, another index that tracks medium-sized companies, also experienced a slight gain. Despite the positive trends, turnover remains low due to the approaching year-end and vacation periods for many investors. The Dax and MDAX have both had successful years, with the Dax seeing a 20% increase and the MDAX a 8% rise.
Source: www.stern.de
