FRANKFURT (dpa-AFX) - After its strong previous day, the Dax fell again on Friday. As can currently be seen with US technology stocks, the local stock exchanges also consolidated their recent gains. The picture is characterized by political and monetary policy uncertainty. The major decline on the futures markets provided little impetus.

The leading Dax index went into the weekend with a 0.50 percent drop to 18,163.52 points. Nevertheless, it remained well above the 18,000-point mark, which it had temporarily fallen below a week ago and at the beginning of the week. The weekly gain for the Dax amounted to 0.9 percent.

The MDax of medium-sized companies lost 1.63% to 25,296.18 points on the last trading day of the week. The second-line index SDax, which celebrates its 25th anniversary this Friday, fell by 0.86 percent to 14,473.71 points.

"The supposed increase in risk appetite this week has more technical causes than fundamental improvements," said analyst Pierre Veyret from broker Activtrades. For example, speculators have been covering their bets on falling prices. He believes that volatility on the stock markets will remain high until investors have more clarity about the future political situation in France./ajx/mis