What’s behind it? What do analysts expect?

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Frankfurt The shopping areas are empty and most of the shops are closed – but investors on the German stock market really go on a shopping spree again between Christmas and New Year.

Germany’s leading index Dax briefly reached the threshold of 13,819 points on Monday morning and thus a new record. This exceeded the daily record of 13,795 points set on February 17th.

And on Tuesday, too, it continues towards the 14,000 point mark: At the opening of the retail trade, the German leading index rose by 0.6 percent to an all-time high of 13,874 points.

There was a good mood internationally that after some hesitation, US President Donald Trump signed a law with corona aid amounting to 2.3 trillion dollars – and the Brexit agreement on Christmas Eve was not yet priced into the courses. The start of vaccinations in many European countries is also causing optimism.

The Dax has now more than ticked off the corona crisis and the intermittent price slump of almost 40 percent between mid-February and mid-March. And all this in the midst of a time when public life in Germany and many other European countries has more or less come to a standstill, fears of the spread of a more contagious virus variant from Great Britain and an extended lockdown are increasing.

DAX rises to new all-time high

The Dax rose to the highest level in its history on Monday. Despite the pandemic, there are important reasons for this.

(Photo: dpa)

But investors are looking ahead – and the majority expect the economy to improve significantly in the coming year. The German economy goes into the next year with confidence. According to a survey by the Institut der Deutschen Wirtschaft (IW), 26 out of 43 economic sectors expect higher production.

“The news situation could hardly be better,” said analyst Jochen Stanzl from the online broker CMC Markets. “Big problems were solved at the last second, and on the way out of the corona pandemic, the economy and society have come a long way with the start of vaccinations in Europe.”

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