Leading index: Optimism on the stock exchange - Dax above 27,000 points for the first time
Hopes for peace, falling oil prices and strong corporate figures are giving the German stock market barometer a boost - even if one tech group is dampening sentiment.
The Dax has risen above 27,000 points for the first time, reaching 27,001.67 points, and has gained 10.3 percent since the beginning of the year. The surge is attributed to hopes of peace in the conflict between the US and Iran, a decline in oil prices, and a resurgence in the technology sector. Strong quarterly results from companies such as Siemens and Allianz have also supported the market, with Siemens' shares rising 4.8 percent after the company reported a record year and increased its targets. The DZ Bank predicts a further increase to 28,500 points by the end of the year.
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.
