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Stock exchange in Frankfurt: Dax is approaching record highs – clear weekly increase

Stock exchange in Frankfurt: Dax is approaching record highs – clear weekly increase

The year-end rally on the German stock market is in full swing. Driven by expectations that interest rates will soon fall, the DAX surpassed the 16,300 point mark and the path to the record high of 16,528.97 points is clear. Ultimately, the leading index gained 1.12 percent to 16,397.52 points, practically at its daily high, thus recording a weekly increase of around 2.3 percent. The MDax of medium-sized companies closed with a gain of 1.18 percent at 26,492.49 points.

The year-end rally on the German stock market is in full swing. Driven by expectations that interest rates will soon fall, the DAX surpassed the 16,300 point mark and the path to the record high of 16,528.97 points is clear. Ultimately, the leading index gained 1.12 percent to 16,397.52 points, practically at its daily high, thus recording a weekly increase of around 2.3 percent. The MDax of medium-sized companies closed with a gain of 1.18 percent at 26,492.49 points.

The ongoing rally has now pushed the Dax up by around 12 percent from its October low. In November, the leading German index gained 9.5 percent, making up for most of the correction since August. In addition, the most important German stock market barometer achieved its fifth consecutive week in the black. This corresponds to the longest winning streak of 2023.

Source: Stern

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