Dax recoups rapid 170-point slide after US producer prices

Dusseldorf A stock market week marked by lethargy, waiting and price weakness ended on Friday with profits. The leading German index, the Dax, closed 0.74 percent higher at 14,371 points.

US producer prices, which had risen more sharply than expected, only weighed on prices for a short time: after the publication of the data and a subsequent drop in prices by 170 points, the Dax quickly resumed forward gear and made up for the slump. The MDax also increased by 0.55 percent to 25,604 points before the weekend.

On a weekly basis, however, the Dax is down by a good one percent: last Friday, the leading index went out of trading at 14,529 points. But at the beginning of the week, a three-day series of losses followed, and it was only on Thursday that the stock market barometer was able to close slightly in the black again.

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