DAX Inches Higher In Cautious Trade
German stocks edged higher on Friday after Moderna's coronavirus vaccine won backing from a panel of experts who advise the U.S. FDA, setting the stage for the rollout of the second Covid-19 vaccine in the United States.
British Prime Minister Boris Johnson' warning that a no-deal outcome seemed "very likely" and fresh U.S.-China tensions capped the upside at the end of a solid week.
The United States is adding dozens of Chinese companies, including the country's top chipmaker SMIC, to a trade blacklist today, Reuters reported, citing people familiar with the matter.
The move comes just weeks before Democratic President-elect Joe Biden is set to take office on Jan. 20.
The benchmark DAX edged up 35 points, or 0.3 percent, to 13,701 after gaining 0.8 percent the previous day.
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