Supported by price gains on Wall Street and strong figures from two US technology giants, the German stock market started trading on Friday with clear profits. The DAX rose by 0.75 percent to 16,985.84 points in the first few minutes of trading and is now approaching its record high of a good 17,000 points. On a weekly basis, the leading index is expected to gain around 0.1 percent.
Supported by price gains on Wall Street and strong figures from two US technology giants, the German stock market started trading on Friday with clear profits. The DAX rose by 0.75 percent to 16,985.84 points in the first few minutes of trading and is now approaching its record high of a good 17,000 points. On a weekly basis, the leading index is expected to gain around 0.1 percent.
The MDax rose by 0.89 percent to 26,133.17 points. The EuroStoxx, the leading index for the Eurozone, rose by around 0.5 percent.
The evening before, the tech companies Amazon and Meta had put investors in a good mood with strong numbers after the US stock market closed. Amazon shares climbed by more than 5 percent after trading, while Meta shares even rose by more than 9 percent. This should brighten the mood on the Nasdaq stock exchange on Friday and lead to another record high. Only after Apple’s quarterly figures was the initial reaction muted.
Source: Stern
