The bronze sculpture of a bull, a symbol of the upward trend on the stock exchanges, stands in front of the stock exchange in Frankfurt am Main.
(Photo: dpa)
Frankfurt After a tough first half of the week, the leading German index, the Dax, got going, surpassed the 16,300 point mark on Friday and briefly reached a new record high of 16,332 points. Hopes of a solution to the dispute over the US national debt ceiling motivated investors to buy shares.
However, the euphoria evaporated shortly before the end of the week when it became known that negotiations between Republicans and Democrats had been interrupted. The gains in the Dax shrank somewhat to a weekly plus of at least a good two percent. The small caps index MDax was only a slim plus of 0.1 percent, the small caps index SDax 0.5 percent.
Investors have accessed Siltronic again, the share gained a good eleven percent. The week before, however, the paper had lost after the chip supplier from the MDax had reported weaker sales and operating profit for the first quarter and had given no prospect of a revival of its business for the year as a whole.
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