Stock exchange in Frankfurt - Dax stable after very weak previous day
After a botched start to the year, the German stock market remains under pressure on Thursday. The Fed's unchanged restrictive stance could prevent a far-reaching recovery in share prices on Thursday. Following the DAX's biggest daily loss since October the previous day, the leading German index was up a moderate 0.15 percent to 16,563 points in early Xetra trading in the morning. By contrast, the MDax of 50 mid-cap stocks fell by 0.3 percent to 26,177 points.
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The DAX's modest recovery might be influenced by investors' decisions in the German Exchange, despite the Fed's consistent tight monetary policy. On a different note, many international investors often monitor the performance of the MDAX, a subset of the German stock market, which includes shares of 50 mid-cap companies listed on the Frankfurt Stock Exchange, such as companies from Germany like Siemens or BASF.
Source: www.stern.de
