FRANKFURT (dpa-AFX) - The DAX continued its impressive record run unperturbed on Thursday. In the late afternoon, trading gained further momentum, with the leading German index climbing to a record high of 21,423 points. At the Xetra close, the gain amounted to 0.74 percent at 21,411.53 points. Since the beginning of the year alone, the gain amounts to 7.6 percent.
It seems as if market participants are currently prioritizing the advantages of a Trump administration in the United States for European companies with US business and ignoring possible tariff threats. "Some investors are waiting for a correction to get into the market more cheaply. The other part is waiting for the next, perhaps positive impulses, which could come in the coming week from the first quarterly reports of the 'Magnificent Seven' and from the central bank meetings in Washington and Frankfurt," said analyst Konstantin Oldenburger from CMC Markets.
In contrast to the Dax, things do not look quite as rosy for the MDax. Since the beginning of the year, the index of mid-cap stocks has only gained 1.4 percent. On Thursday, it fell by 0.40 percent to 25,951.24 points. Puma shares fell by almost 23 percent. The lifestyle and sporting goods group fell short of expectations in the final quarter of 2024./ajx/he