Frankfurt On Monday, the German stock market continued the positive trend of the past week: the leading index Dax was up 0.3 percent in the first hour of trading at 16,202 points. On Friday, the Frankfurt stock exchange barometer was 1.3 percent higher at 16,148 points.
Good news comes from China on Monday. The purchasing managers’ index for the manufacturing sector determined by the business magazine “Caixin” has remained above the expansion threshold of 50 despite a slight decline. This means that the numbers are better than feared.
Nonetheless, “Caixin” economist Wang Zhe says, “A body of recent economic data suggests that China’s recovery has yet to find firm footing amid key issues such as a lack of domestic growth drivers, weak demand and a bleak outlook.”
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further