Frankfurt's stock market - Dax inches its way towards a new record peak.
Medium-sized stock indices increased on Tuesday. The MDax, representing medium-sized values, jumped 0.3% to 27,361 points. The EuroStoxx 50, a leading indicator for the Eurozone, also grew by 0.2%.
According to portfolio manager Thomas Altmann of QC Partners, "Today is the start of the actual trading week after the US holiday. Yesterday's trading volume, which was as low as it was on New Year's Eve 2023, will now prove whether the upward price movements of the previous day are sustainable."
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The DAX, Germany's blue-chip index, also showed positive signs, climbing towards a potential record high. The DAX, traded on Frankfurt's stock exchanges, added 0.1% to close at 15,674 points. Additionally, Frankfurt am Main, known as a global financial hub, houses several stock exchanges, including the one where the DAX and MDAX are traded.
Source: www.stern.de
