Dax breaks record of 14,000 points – index rose by 0.8 percent – economy

0
2

The German Dax share index broke the 14,000 point mark for the first time. The leading index rose to a record level of 14,006.39 points during trading on Thursday. The Dax exceeded 13,000 points for the first time a good three years ago – on October 12, 2017.

In the first days of January 2021, the stock market barometer rose by a good two percent. On December 30, the last trading day of 2020, the Dax closed at 13,718.78 points. Two days earlier, the index had reached the record level of mid-February at 13,795 points.

Deep fall in March 2020 – buoyancy thanks to Biden

The corona crisis caused the German benchmark index to drop to 8255 points in March, a setback of 40 percent. Enormous cash injections from central banks and governments for the economy suffering from lockdowns brought about the turning point. With the end of most of the Corona restrictions in the summer, the economy picked up again in many places. The recovery in China, the country in which the coronavirus first appeared, helped in particular.

The MDax and SDax, the indices for medium-sized and smaller companies, also climbed to highs on Thursday. The announcement of additional government spending by future US President Joe Biden provided a boost.

This should now have to reckon with less political resistance, according to the latest information, the Democrats have also gained control over the US Senate – and thus over both chambers of parliament. In addition, strong incoming orders for German industry in November and the approval of a second corona vaccine in the European Union helped.



[ source link ]
https://www.bild.de/geld/wirtschaft/wirtschaft/dax-knackt-rekordmarke-von-14000-punkten-74789390.bild.html

Dax breaks record points index rose percent economy

LEAVE A REPLY

Please enter your comment!
Please enter your name here