FRANKFURT (dpa-AFX) – The round mark of 24,000 points continued to exert a strong attraction on the DAX on Monday. Shortly after the opening, the German leading index climbed back up by 0.85 percent and was quoted at 24,034 points, after temporarily slipping to 23,684 points on Friday.
The MDax for medium-sized companies rose by 0.65 percent to 29,703 points on Monday. The Eurozone leading index EuroStoxx 50 gained 0.8 percent.
The US stock market rose quite sharply on Friday. Signs of easing in the trade dispute between the USA and China and the lack of disruption from US regional banks had helped. On Monday morning, significant price gains in Asia also provided momentum, where the Japanese Nikkei rose higher than ever before. The fact that a coalition is now emerging in Japan brought relief there. In China, the continued sluggish economic growth was not quite as weak as expected./ajx/stk