FRANKFURT (dpa-AFX) - The Dax halted a three-day losing streak on Friday with significant gains. After a friendly start on the stock market, the leading German index continued to rise and closed 0.93 percent firmer at 19,254.97 points. It thus stemmed its weekly loss to just over 1 percent. Weak US economic data and the friendly New York stock markets proved to be price supports in the afternoon.

The recent price falls had pushed the Dax below the 21-day line, which is important for the short-term trend. It then found support at the 50-day line, which chart technicians regard as an indicator of the medium-term trend. Since the beginning of the year, the share price has still risen by 15 percent. The record high of just under 19,675 points reached in mid-October is also still within sight. The US elections on Tuesday are likely to have a decisive influence on whether the DAX regains this high or continues to fall.

The latest polls promise a neck-and-neck race between Democratic US Vice President Kamala Harris and Republican ex-President Donald Trump. The future majorities in the two chambers of Congress, the Senate and the House of Representatives, are also uncertain. The Fed's interest rate decision is also on the agenda in what is likely to be the most exciting trading week of the year.

The MDax index of medium-sized German companies gained 0.71% to 26,514.02 points on Friday. The EuroStoxx 50, the leading index in the eurozone, also made up ground, gaining 1 percent. The national indices in Zurich and London also posted gains. The leading US index Dow Jones Industrial and the technology-heavy Nasdaq 100 made clear gains at the end of European trading./gl/he