FRANKFURT (dpa-AFX) – The Dax ended higher on Friday after a mixed week, as investors worried about the impact of the financial crisis on the markets. However, buying remained limited: At the end of the session, the German leading index was still 0.14 percent higher at 18,235.45 points, after having once again failed to reach the resistance zone at 18,350 points. The support of the moderately supportive US markets was offset by the uncertainties surrounding the first round of the French legislative elections.
Over the week, the Dax recorded a gain of 0.4 percent, while the balance sheet for June was negative. Since the beginning of the year, the price has certainly risen by almost 9 percent. However, this is due to a strong first quarter, followed by a decline of 1.4 percent in the second quarter, despite temporary records. According to analyst Konstantin Oldenburger from broker CMC Markets, what happens next is uncertain. Usually, a summer trough is now looming, but in US election years, price rallies are quite common, even at this time of year, the expert pointed out.
The mid-cap MDax closed down 0.78 percent on Friday at 25,176.06 points. The eurozone’s flagship index, the EuroStoxx, ended the weekend down 0.2 percent. Share prices also fell in Paris and London. In contrast, the leading US Dow Jones Industrial Average saw a moderate rise at the close of trading on the European stock exchange, as did the Nasdaq 100, which is dominated by technology stocks.
