Stock exchange in Frankfurt - Dax investors pick up again after setback
After the previous day's setback from its record high, the Dax made gains again at the start of Friday morning. In the first few minutes, the leading German index climbed 0.45 percent to 16,826.88 points. The MDax mid-cap index climbed 0.34 percent to 27,291.11 points. The leading eurozone index, the EuroStoxx 50, rose by 0.44 percent.
Fueled by signals from the US Federal Reserve to cut interest rates, the DAX had jumped above the 17,000-point mark for the first time in its history in the first few minutes of trading the previous day. Shortly afterwards, the record chase ran out of steam because the European Central Bank (ECB), unlike the Fed before it, had dampened hopes of lower interest rates in the near future. So far, the DAX's performance in the week to date has been slightly positive. Since the October low, the year-end rally has brought the most important German stock market barometer an increase of around 15 percent.
Another highlight of the week will follow during the course of the day with the "big expiry" on the futures exchanges, which could well cause prices to fluctuate somewhat.
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Source: www.stern.de
