Current Dax: Dax poised for new record - Three important drivers for the German benchmark index
Over the past two trading weeks, the Dax has risen by more than five percent or 1400 points. The current record high is within close reach.
The German stock market, as represented by the Dax, has surged to near-record highs, driven by several factors including hopes of diplomatic progress in the Iran war, declining energy prices, and lower bond yields. The Dax is up 0.6% to 26,600 points, close to its current record high of 26,618.74 points. Energy prices, including oil and gas, have dropped significantly, with the price of Brent crude down 20% this week to around $95 per barrel.
The outcome of the US midterm elections, in which Democrats gained a majority in the Senate and House of Representatives, has also contributed to market gains.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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