FRANKFURT (dpa-AFX) - Before the weekend, the Dax has it but still done: After days of restraint on the part of investors, the leading index rose to a record high. Around noon, he posted just under this, an increase of 0,91 percent to 15 394,30 points. Basis of stock marketn-euphoria on Friday are booming business of German companies and strong US stock exchanges.
The chart technology experts from Index Radar do not see any overheating in the Dax. However, investors should be cautious in view of the upcoming seasonally weaker season.
MDax and SDax also set new records on the last trading day of the week. Most recently, the index of medium-sized stocks posted an increase of 0,82 percent to 33 276,50 points. The second-tier index, which jumped over 16 points for the first time the day before, advanced by 000 percent to 0,62 points.
The leading Eurozone index EuroStoxx 50 rose by 0,6 percent for the first time since 2008, above the 4000 point mark. In New York, the record rally of the major indices continued the day before, the Dow Jones Industrial had climbed over the mark of 34 points for the first time. According to the chief strategist of the private bank Merck Finck, Robert Greil, the US upswing is only just beginning. Wall Street still has room for improvement.
Several companies reported a strong start to the year before the weekend. These included the automaker Daimler from the Dax and HeidelbergCement . Daimler shares were at the top of the leading index with a plus of 3,1 percent. The Stuttgart-based company benefited above all from strong business in China. HeidelbergCement gained around two percent.
The cooker box mail order company Hellofresh and the vacuum pump specialist Pfeiffer Vacuum both raised their annual forecast. Hellofresh conquered the top of the MDax with a plus of more than four percent. Pfeiffer Vacuum was the top value in the SDax./ajx/mis with a premium of more than 13 percent
- By Achim Jüngling, dpa-AFX -