Wall Street recovery spurs Dax

Released on 05. 10. 2021

  • The Dax is the most important German share index. Photo: Arne Dedert

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Frankfurt / Main (dpa) – The German stock market recovered on Tuesday from its clear previous day’s losses and gained noticeably in the wake of the much firmer Wall Street.

After three consecutive days of losses, the Dax closed with a plus of 1, 05 Percent at 15. 194, 49 points. The MDax of the medium-sized stock market values ​​gained 0, 49 percent to 34. 022,91 Counter.

The US stock exchanges received a boost from unexpectedly strong US economic data. The mood in the US service sector surprisingly brightened in September. The Institute for Supply Management (ISM) purchasing managers’ index rose compared to the previous month, while experts had expected a decline.

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