The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf On the German stock market, the leading index easily surpassed the 14,000 point mark at the end of the week. The Dax rose in the morning by 1.2 percent to 14,146 points. Yesterday, Thursday, the stock exchange barometer ended the session 1.3 percent up, with a final reading of 13,980 points.
At the opening of trading, the leading German index benefited from the high gains on the US stock exchanges the previous day. The US standard index Dow Jones closed 1.9 percent firmer, the technology-heavy Nasdaq gained 3.1 percent.
Nevertheless, the reaction on the German stock market is astonishing. Because with Amazon, which presented figures on Wall Street after the market closed, the current US reporting season has experienced its second major disappointment. The US group made a loss of $3.8 billion in the first quarter of the year and warns of the consequences of rising inflation. The share slipped 7.3 percent on the German stock market.
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