Stock exchange in Frankfurt - Dax approaches record high - clear weekly gain
The year-end rally on the German stock market is in full swing. Driven by expectations of falling interest rates in the near future, the Dax surpassed the 16,300 point mark, paving the way for a record high of 16,528.97 points. In the end, the leading index gained 1.12% to 16,397.52 points, practically at its high for the day, thus recording a weekly gain of around 2.3%. The MDax of medium-sized companies closed with a gain of 1.18% at 26,492.49 points.
The current rally has driven the Dax up by around 12% from its October low. In November, the leading German index gained 9.5 percent and made up for most of the correction since August. In addition, the most important German stock market barometer achieved its fifth consecutive week of gains. This corresponds to the longest winning streak of 2023.
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Source: www.stern.de
