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Dax takes the 15,000 hurdle for the first time
Dax takes the 15,000 hurdle for the first time. The stock market barometer is pushing itself to a new high - once again.
Yazar: Tom Roberts
Yayınlanma: 30 Mart 2021 22:25
Güncellenme: 25 Aralık 2024 04:32
Dax takes the 15,000 hurdle for the first time
Despite the third corona wave, the German leading index Dax rushes from record to record and has jumped the hurdle of 15,000 points for the first time. On the one hand, there was tailwind from the USA, where vaccination campaigns are proceeding at a rapid pace and further sentiment data on the part of consumers are spreading optimism. The economic sentiment in the euro zone improved surprisingly strongly in March. For the first time since the outbreak of the pandemic, the indicator is now slightly above its long-term average. On the other hand, there is strong demand for shares from the domestic auto industry and the interest-sensitive insurance and banking sectors.
The German stock market barometer ended trading with a plus of 1.3 percent to 15,009 points. In the course of time it had risen to 15,030 points. The index has increased by nine and a half percent since the beginning of the year. Since March 2020, the increase has even been a little over 80 percent. A year ago, the corona panic reached its peak and brought the stock exchanges to their knees within just a month before central banks around the world intervened in monetary policy and governments finally put together billions and even trillions of corona aid packages. The MDax of the medium-sized values closed 0.9 percent higher at 31,728 points.
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