FRANKFURT (dpa-AFX) - After heavy losses since the beginning of the week, the German stock market initially stabilized on Friday. The leading index Dax rose by 0.7 percent to 23,988 points; the weekly balance is currently deep in the red with a loss of more than 5 percent.
The Iran war remains the dominant topic on the stock exchanges. According to US assessments, Iran's military strength has been significantly weakened - nevertheless, Tehran continues to expand the war throughout the Middle East. Some relief came on Friday from further stabilized crude oil prices, as the USA is considering various options to cope with the rise in energy costs triggered by the paralyzed shipping traffic in the Strait of Hormuz.
The MDax of medium-sized stocks rose by 0.8 percent to 29,917 points on Friday. The eurozone leading index EuroStoxx 50 gained 0.5 percent./la/mis
