Dax slightly up after positive quarterly reports | free press

by time news

2023-05-11 11:25:42

The Dax rose moderately on Thursday and benefited from some strong quarterly reports. Nevertheless, the 16,000 point mark is still too high a hurdle. However, mixed economic data came from China, which therefore provided little impetus.

On another trading day with numerous quarterly reports, the Dax rose by 0.39 percent to 15,958.81 points in early trading. The MDax gained 0.14 percent to 27,404.92 points. At the same time, the leading euro zone index EuroStoxx 50 advanced by 0.54 percent to 4330.20 points.

The Dax has been fluctuating around 400 points for a good month now. The German stock market barometer is well supported just below 15,700 points. On the other hand, the psychologically important hurdle of 16,000 points on the way to the record high of around 16,290 points acts like a lid. (dpa)

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