Börsenthema der Woche: Dax auf Rekordkurs – wie ist das möglich?

Dax surges to record high as world economy strengthens

Düsseldorf - The Dax index has soared 20% since hitting its yearly low in March, marking an impressive 100% increase over the past four years. This week alone witnessed the 15th all-time high for the index. While the prospect of a correction looms amid numerous record-breaking weeks, there are five compelling reasons for the Dax's recent success.

Firstly, the global economy is expanding robustly at a rate of about three percent this year. As long as the US-led economic recovery continues, German stocks stand to gain significantly. Secondly, the Dax's multinational corporations are less reliant on the domestic German economy and more dependent on the worldwide economic trends. Eighty percent of German companies generate 23% of their revenue from overseas markets, with the US accounting for the largest share.

Thirdly, the index benefits from numerous foreign-oriented industrial giants such as Siemens, Siemens Energy, Merck, Infineon, and DHL, which are reaping the rewards of the AI boom and global investment cycles, particularly in data centers and server transportation facilities. Fourthly, the Dax is poised to capitalize on the growing demand for microchips and power semiconductors, essential components in server and computer manufacturing.

Lastly, the cyclical nature of economic downturns and recoveries plays a lesser role in the Dax's performance. As long as the US-led economic growth persists, German stocks are likely to enjoy favorable conditions.