Dax Closes the Week with A Profit
The Dax ended the week before the extended Whitsun weekend with profits. At the close of trading on Friday, it was trading 0.44 percent higher at 15,437.51 points.
Dax closes the week with a profit – Continental draws attention to itself, Lufthansa burdened by share placement, Hugo Boss can convince
The German benchmark index thus approached its record of 15,538 points, which it set on Tuesday. Thanks to a two-day recovery from the subsequent price setback, there is just a week plus to book. Opinions differ among experts as to whether the Dax has room for improvement in the short term. Robert Halver, Head of Capital Market Analysis at Baader Bank, expects the recent volatile sideways movement to continue. On the other hand, Robert Greil, chief strategist at Merck Finck, believes that the stock markets will continue to rise despite increasing fluctuations.
The MDax of medium-sized companies said goodbye on Friday, 0.22 percent firmer at 32,416.71 points. For the leading Eurozone index EuroStoxx 50, it ultimately went up by 0.65 percent to 4025.78 points. The Paris Cac 40 also gained, while the London FTSE 100 gave way. On Wall Street, the Dow Jones Industrial achieved a plus of around half a percent at the end of European trading.
Before the weekend, Continental gained almost two and a half percent at the top of the Dax, in line with the solid European automotive sector. At BMW, a punishment that was probably less than expected in an EU antitrust proceeding had a positive effect – the proportions rose by 0.7 percent. A skeptical study by the US bank JPMorgan on Covestro left its mark on the stocks of the plastics group: They lost 1.3 percent as one of the weakest DAX values.