FRANKFURT (dpa-AFX) - The DAX’s recovery continued at the start of the week. Supported by gains on international stock markets, the DAX rose by 0.65 percent in early Monday trading to 24,883 points. Germany’s leading index thus extended its Friday gains and edged closer to the 25,000-point mark. As recently as Thursday, it had come close to its yearly low, hitting 24,272 points.
"The DAX is in the midst of a technical rebound, and it remains to be seen whether Wednesday’s labor market data and Friday’s inflation figures from the United States will be enough to break through the resistance at 25,000 points," wrote Consors Bank analyst Jochen Stanzl on Monday morning. Ahead of monetary policy signals from the US, the initial cues on Monday are positive. In Tokyo, the Nikkei 225 even surged to a record high following the ruling party’s election victory.
Against this backdrop, the MDAX also gained on Monday morning, rising 0.40 percent to 31,789 points. Additionally, the Eurozone benchmark EuroStoxx 50 remained firm, climbing back above the 6,000-point mark./tih/mis
