Dax breaks the 15,000 mark for the first time

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In the hope of a strong economic recovery from the consequences of the coronavirus pandemic, more investors are stocking up on German stocks. The Dax jumped the hurdle of 15,000 points for the first time on Tuesday and rose by 1.4 percent to a record high of 15,021.13 points. The papers of the car manufacturer Volkswagen, which were up around 3.7 percent by the afternoon, were particularly in demand.
Investors were particularly encouraged by the rapid mass vaccinations in the USA and the trillion dollar economic stimulus programs of the new US President Joe Biden, said stockbrokers. In the US, 90 percent of adults should be eligible for the vaccination by April 18, as President Biden has announced.
The economic sentiment in the United States is correspondingly positive: consumer confidence determined by the market research institute Conference Board climbed from 90.4 points in February to 109.7 points in March. Analysts had expected a significantly weaker increase to an average of 96.7 points.

The stock exchanges received additional tailwind from the promises of the major central banks to keep interest rates at almost zero percent for the time being, even with rising inflation.





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https://www.spiegel.de/wirtschaft/unternehmen/dax-knackt-erstmals-marke-von-15-000-punkten-a-b00b1b89-8b62-4167-bc42-c74852a06089

Dax breaks mark time

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