FRANKFURT (dpa-AFX) – The Dax (DAX 40)’s record hunt did not continue on Thursday. The leading German index lost 0.16 percent to 16,628.99 points. Market participants spoke of a healthy reprieve after the last seven days of profits. They sometimes consider the market situation to be overbought. The day before, the Dax had reached another record high of 16,727 points. It has now increased by around 19.5 percent since the beginning of the year. The MDAX of medium-sized companies recorded a discount of 0.76 percent to 26,534.94 points on Thursday.
“The stock markets are increasingly losing price momentum,” noted market observer Andreas Lipkow. A high degree of economic optimism and interest rate cut fantasies have already been priced in over the last few trading days. The US labor market report on Friday could provide further impetus in this regard. Almost unchanged initial applications for unemployment assistance in the USA did not move prices on Wall Street or in this country./niw/jha/