The German stock market index is reaching an all-time high, even though the economy is weakening. Why this is and how things could continue until the end of the year.
It seems absurd: Although the German economy has been clearly sluggish for a long time and is no longer really getting going due to the recession, the domestic stock index has recently taken off and is rushing from record to record: On Monday, the leading German index jumped above 19,500 points for the first time mark and even left 19,600 points behind early Tuesday morning. After that, it ran out of steam and dropped back down to around 19,520, but still: It marked constantly rising high points for several days in a row. So in mid-October it was in a fairly stable upward trend – despite all sorts of bad news from companies. How high will the DAX price rise?
Source: Stern
