After its strong previous day, the DAX started trading with slight losses. Profit-taking in US technology stocks probably caused investors in Germany to become more cautious for the time being. The German leading index fell by 0.11 percent to 18,233.89 points in early trading. The “big decline” on the futures exchanges, which could still cause fluctuations today, did not initially leave any major traces.
In recent days, the DAX has built up a small cushion to the 18,000 point mark. It is heading for a weekly increase of 1.3 percent. The US technology stocks had crowned their record-breaking hunt in the S&P 500 and Nasdaq 100 with further highs the day before, but then profit-taking took place there. Nvidia had to hand over the title of the most expensive company in the world, which it had won on Tuesday, back to Microsoft.
The MDax, which includes medium-sized stocks, fell by 0.35 percent to 25,626.42 points on Friday. Investors’ eyes were also turned to the sister index SDax, which has been in existence for 25 years. It was slightly in the red. The Eurozone’s leading index, the EuroStoxx 50, meanwhile lost 0.2 percent to 4,937.66 points.
Source: Stern
