Frankfurt Stocks End: Dax in the red – But high price gain in November | 11/30/20

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FRANKFURT (dpa-AFX) – The Dax (DAX 30) ran out of breath in late trading on Monday. Wall Street as the pacemaker gave way, so that the leading German index closed with minus 0.33 percent to 13,291.16 points. However, he ended the stock market month of November with a high price gain of 15 percent.

The prospect of a vaccine against the lung disease Covid-19 that may soon be ready and thus of a rapid normalization after the crisis was one of the decisive drivers for the growth in November. On this Monday, too, corresponding reports occasionally caused significant surcharges. In the afternoon, the Dax climbed to its highest level since the beginning of September with 13,445 points after the US pharmaceutical manufacturer Moderna announced that it would be the first company to apply for approval of a corona vaccine in the EU.

What the Dax has not yet achieved, the MDAX of the 60 medium-sized stocks did at the beginning of the week. It reached a record high over the course of the year. From the trade, however, it also went lower, with minus 0.25 percent to 29 301.46 points./ajx/he

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