Stock exchange in Frankfurt: Strong first stock market week of the year ends with profits

After taking a breather the day before, the German stock market has resumed its lively start to the year.

Stock exchange in Frankfurt: Strong first stock market week of the year ends with profits

After taking a breather the day before, the German stock market has resumed its lively start to the year. The leading index Dax closed 1.20 percent higher at 14,610.02 points. On a weekly basis, this means an increase of 4.93 percent. The MDax for medium-sized companies rose by 1.12 percent to 26,970.10 points on Friday.

A robust job report from the USA and weak economic data from the US service sector proved to be the driving force on Friday, which dampened interest rate hike expectations with regard to the Fed. The mood in the important US service sector had unexpectedly deteriorated significantly in December.

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