FRANKFURT (dpa-AFX) - Recent record highs on US stock exchanges provided at least some support for the Dax on Thursday, following a lackluster session the previous day. "Hopes for an extension of the ceasefire (between Iran and the US) are driving investors into equities," commented portfolio manager Thomas Altmann of asset manager QC Partners.
In the opening minutes of trading, the German benchmark index edged up 0.04 percent to 24,077 points. While it maintained its position above the 24,000-point threshold, it remained below the 200-day moving average—a key indicator for the long-term trend—which it had briefly surpassed on Wednesday.
The MDax, which tracks mid-cap companies, rose 0.08 percent to 30,913 points on Thursday morning. Meanwhile, the Eurozone's blue-chip EuroStoxx 50 index, which had weakened significantly on Wednesday, gained 0.3 percent./gl/nas
