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

This week's stock market focus is the Dax reaching record highs - how is this possible? The Dax has recovered nearly 20 percent since its March low, with a 100 percent increase over the past four years. The past week marked the fifteenth record high for the year. While many new records suggest a potential correction, especially as August and September are typically weak months, there are five strong arguments for the Dax's positive performance.

Firstly, the world economy is growing robustly at around three percent this year. As long as the US-led economic recovery continues, German stocks have good prospects. Secondly, many Dax companies, like Siemens, Siemens Energy, Merck, Infineon, and DHL, are little affected by Germany's economy and heavily dependent on the global economic cycle.

Eighty percent of their revenue comes from abroad, with the US market being the most significant single market at over 23 percent. The chronic weak growth at home hardly matters. Thirdly, the Dax benefits from many foreign-oriented industrial companies with strong exposure to AI, such as Siemens, Siemens Energy, Merck, Infineon, and DHL.

They focus on pre-microchip and power semiconductor products, as well as the transport of servers, computers, and cooling systems.