The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt After the rally on Tuesday afternoon, the German stock market presented itself in the middle of the week without a clear direction and only slightly changed. After a friendly opening, the Dax turned down and was 0.09 percent lower at 13,295 points. The day before, the leading index had risen by 2.7 percent on hopes of further gas deliveries from Russia.
The MDax of medium-sized stock exchange companies gained 0.30 percent on Wednesday morning to 26,595.58 points. The leading eurozone index, the EuroStoxx 50, fell by around 0.2 percent.
Speculations about a scheduled resumption of Russian gas supplies triggered euphoria on the stock exchanges on Tuesday afternoon. Several media had reported that Russian gas supplies are expected to resume on Thursday after maintenance work is completed.
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