Stock exchange in Frankfurt: Dax starts with plus - new stabilization attempt

The Dax is still struggling to stabilize around the 12,000 point mark.

Stock exchange in Frankfurt: Dax starts with plus - new stabilization attempt

The Dax is still struggling to stabilize around the 12,000 point mark. Shortly after the start of trading on Friday, the leading German index was up 0.6 percent at 12,049 points. In the course of the weak week so far, the Dax had rushed to the level of November 2020 at 11,862 points.

The MDax recovered on Friday by 0.9 percent to 21,983 points and the Eurozone leading index EuroStoxx 50 gained 0.6 percent.

In the Dax, a deep red month is coming to an end. Persistent concerns about inflation, interest rates and the economy have pushed the price barometer down by a good 6 percent since the end of August. "The mood remains downright depressive," said portfolio manager Thomas Altmann from QC Partners, also with a view to the struggle for the 12,000 point mark with a simultaneous 22-month low in the US standard index S

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