Stock exchanges
Arms and car values do Dax over 23,000 points
March begins with a record on the stock exchange: the DAX is over 23,000 points for the first time.
The DAX jumped on Monday about the 23,000 points mark. Course jumps in shares in the armaments industry as well as strong profits in auto shares even made a jump over 23,300 points. Ultimately, the German leading index went out of retail with an increase of 2.64 percent to 23,147.02 points.
In February the German leading index won a little more than five percent. In the young year 2025, the DAX already increased by a little more than 16 percent.
For the MDAX of medium -sized companies, 2.45 percent has been up to 28,990.98 points up to the highest level in almost a year. The stock exchanges rose similarly across Europe: the British FTSE 100, the Swiss SMI and also the EuroStoxx 50 reached as the DAX record heights. Ultimately, the leading index of the euro region went from the day with a plus 1.41 percent to 5,540.69 points, while moderate losses were booked at the same time in the United States.
“The gap between Europe’s stock exchange and Wall Street has opened a little further today,” said chief market analyst Jochen Stanzl from CMC Markets and pointed out to the expectation of significantly higher defense spending in Germany and the European countries in general. Since the sheer amount of the capital requirement for upgrading can only be financed by debt, a sale of German government bonds must be observed at the same time. “Although Germany benefits from comparatively low interest rates and a low debt rate, hundreds of billions of euros that are up for debate are an announcement. The bond market will have to digest this first.”
dpa
Source: Stern
