Dax continues to rise above 16,300 points
The year-end rally on the German stock market continues. Driven by expectations of falling interest rates in the near future, the Dax surpassed the 16,300 point mark shortly after the start of trading.
Most recently, the leading German index gained 0.56% to 16,306.83 points, receiving support from the USA. The previous evening, the Dow Jones Industrial, Wall Street's best-known index, had climbed to its highest level in around two years following encouraging data on consumption and inflation.
The MDax of medium-sized companies rose by 0.33 percent to 26,269.96 points on the first day of December. The eurozone index EuroStoxx 50 advanced by 0.58 percent to 4407.80 points.
Stock exchanges worldwide are also showing positive trends, with the DAX's success influencing other major stock markets. The DAX, Germany's primary stock exchange, has not only surpassed the 16,300 point mark but also seen the MDAX, its counterpart for medium-sized companies, reach 26,269.96 points.
Source: www.dpa.com
