Stock exchange: Dax at a record high - four developments explain the year-end rally
The German leading index reaches its next peak. Further peaks could follow by the end of the year - if the favorable conditions remain stable.
The German stock market index Dax has risen above 27,000 points for the first time, reaching a high of 27,002 points, a gain of over 1%. This marks the second record high in six trading days, with the previous high being 26,693 points last Thursday. The surge is attributed to four factors: a decline in oil prices, reduced inflation expectations, a shift in investor sentiment away from tech stocks, and strong corporate earnings. The Dax has gained 7% since early October, and analysts expect the upward trend to continue.
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.
