Stock exchange in Frankfurt - Dax settles below record high
Shortly before the turn of the year and after an impressive rally, the German stock market has run out of steam. Even new records on the US stock markets on Thursday were unable to shake the already few active investors in Germany out of their lethargy. The Dax fell by 0.24 percent to 16,701.55 points. As the Dax neared the end of what is expected to be its strongest trading year since 2019, it recently settled below its record high of just over 17,000 points.
The MDax of medium-sized companies fell by 0.34% to 27,064.91 points on Thursday. So far in 2023, the Dax has risen by 20 percent and the MDax by just under 8 percent.
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The turn of the year brought a shift in momentum for the stock market in Frankfurt, with the DAX falling slightly despite record highs being reached on US exchanges. Despite this, the Dax ended 2022 below its own record high of over 17,000 points. In Frankfurt on the Main, the exchange for medium-sized companies, the MDAX, also saw a decrease, falling by 0.34%. Overall, the Dax has seen a significant increase of 20% in 2023, while the MDAX has risen by almost 8%. These movements in the German stock market may have implications for investors and businesses in Germany and beyond.
Source: www.stern.de
