Markets End the Week on a High Note, with the Dax Index Notching a 1.7 Percent Gain
The German Dax index closed the week on a strong note, rising 1.7 percent to 24,027 points at the Xetra trading close. Market analysts point to the prolonged US push in ongoing trade talks as the primary catalyst for the gains.
According to Andreas Lipkow, a market analyst, the Dax’s ability to hold onto its gains on Monday can be attributed to the lack of negative news, which often drives market sentiment. He notes that the EU’s more cautious approach to trade negotiations, in contrast to the US’s swift and agile tactics, may lead to a summer of high market volatility, filled with surprises and fluctuations.
Meanwhile, the euro strengthened against the US dollar, with one euro exchanging for 1.1379 US dollars at the close of Monday’s trading. The dollar, in turn, was valued at 0.8788 euros.