Dax jumps to record | Munich evening newspaper

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Written By Maya Cantina

Frankfurt/Main

Recently, the German leading index rose by 0.38 percent to 18,758.37 points and is now rapidly approaching 18,800 points. From a weekly perspective there are clear signs of a plus for the second week of May.

The MDax of mid-cap stocks rose 0.46 percent to 26,836.89 points. On the European stage, the EuroStoxx 50, the leading index for the eurozone, rose 0.39 percent to 5,074.04 points.

On Ascension Day, the index finally ended the weak phase since early April by jumping to a record level. This was driven by positive foreign trade figures from China and US jobs figures Dax almost increased to 18,700 points. In the US, weekly jobless claims rose surprisingly significantly, which some investors interpreted as a further indication of a weakening labor market. This is exactly what could be crucial for the US Federal Reserve to take a more positive view of the inflation environment and possibly cut its key interest rate soon.


An announcement: This report is part of an automated service of the German Press Agency (dpa), which operates according to strict journalistic rules. It is not edited or controlled by the AZ online editors. Feel free to send questions and comments feedback@az-muenchen.de



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