FRANKFURT (dpa-AFX) - The DAX continued to rise on Friday. After subdued morning trading, the leading German index gained momentum. It closed 1.03 percent firmer at 19,626.45 points, also boosted by the friendly US Borsen. Over the week as a whole, the Dax rose by 1.6 percent and by 2.9 percent in November. It is now only around 0.2 percent or just under 50 points short of the record level of 19,674 points set in October. The MDax also continued its recovery on Friday: the index of mid-caps ultimately rose by 0.36% to 26,320.47 points.

"Today's weekly and monthly closing heralds the next potentially bullish phase for the Dax," predicted analyst Konstantin Oldenburger from broker CMC Markets. He sees the positive development as a good template for December. After all, the last month in a US election year is usually the second best for Wall Street - after November.

The Eurozone's leading index, the EuroStoxx 50, advanced by just under one percent on Friday. In Zurich and especially London, the gains were more modest. In New York, where trading was shortened after yesterday's public holiday, the Dow Jones Industrial leading index was up a good half a percent at the close of European trading. The technology-heavy Nasdaq 100 made stronger gains./gl/he