Dax Gains – Tailwind in Frankfurt Due to Worse US Rating

The DAX gained ground on Tuesday. At the close of Xetra trading, the index was calculated at 24,036 points, up 0.4 percent from the previous day's close. After a positive start, the DAX broke the 24,000 mark in the morning and remained in the green for the remainder of the day. "Pessimistic market participants seem to have thrown in the towel at the moment, allowing the German stock index to move from one record to the next," commented market an…