Business · Markets · 9 hrs ago

Dax closes down 0.9% after falling below 26,000 points

Dax closes down 0.9% after falling below 26,000 points

Germany’s Dax index fell 0.9% to 25,808 points on Friday, the last trading day of October.

The decline ended four straight days of gains and put the index below the 26,000-point mark.

On Thursday, the Dax had closed at 26,040, its highest finish since early September.

It had risen after companies reported positive results, but gains above 26,000 points have repeatedly been followed by investors taking profits.

Despite Friday’s fall, the index gained 2.5% over the week and October.

The result means the Dax did not complete five consecutive trading days of gains, something it last achieved in January.

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