Frankfurt The German stock market is robust in holiday trading on the Day of German Unity. The leading index Dax initially loses, but is up 0.5 percent at 12,170 points in the late afternoon. The Frankfurt stock exchange barometer can thus break away from the psychologically important mark of 12,000 points. Tailwind came from Wall Street, where the S&P 500 gained 1% to start.
Investors were nervous about the turbulence surrounding Credit Suisse, said Naeem Aslam, chief market analyst at brokerage firm AvaTrade, to Reuters news agency. The head of the ailing Swiss bank, Ulrich Körner, had emphasized the institute’s strong balance sheet in a message to the workforce.
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