Stock exchange in Frankfurt/Main
Dax closes up and outperforms Dow
The Dax is the most important stock index in Germany. photo
© Fredrik von Erichsen/dpa
With further price gains, the Dax ended another strong stock market week on Friday. Even weaker-than-expected quarterly figures from US banks and the upswing in US import prices had no effect on the leading German index. It closed 0.19 percent higher at 15,086.52 points.
With further price gains, the Dax ended another strong stock market week on Friday. Even weaker-than-expected quarterly figures from US banks and the upswing in US import prices had no effect on the leading German index. It closed 0.19 percent higher at 15,086.52 points.
The balance sheet for the second trading week of the year is again very pleasing with a plus of 3.3 percent. Since the beginning of the year, the Dax has already gained 8.4 percent, putting the most pace-setting US stock exchanges in the shade. The day before, it had climbed the round mark of 15,000 points for the first time since the outbreak of war in Ukraine at the end of February 2022.
Things are looking even better for the MDax since the beginning of the year, with growth of 12.5 percent. On Friday, the index of medium-sized German companies rose by 0.63 percent to 28,254.05 points. The mood on the financial markets remains friendly. One of the causes is the easing of inflationary pressure, which is easing fears that interest rates will continue to rise sharply in the future.