DAX jumps to all-time high
The DAX reaches a new all-time high of 16,534 points. The previous high was 16,529 points. One trader speaks of a stabilizing economy - and expects prices to continue rising.
The DAX has broken its previous record: driven by the prospect of interest rates falling again next year, the leading German index rose by 0.8 percent to an all-time high of 16,547 points (as of 5 p.m.). This allows the DAX to build on the November rally and leave its previous high of 16,528.97 points reached at the end of July behind.
"Yields are falling and the economy seems to be stabilizing," said one trader. The environment is therefore favorable. At the same time, the prospects for further price rises until the end of the year are good: "Underweighted market participants are now likely to be forced into the market," he said. They are interested in having as high an equity allocation as possible at the end of the year.
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The surge in the DAX is also attracting interest in stock trading. With the DAX reaching an all-time high of 16,547 points, some traders see it as an opportune moment to invest, expecting further price increases due to stabilizing economic conditions and potential interest rate cuts.
Source: www.ntv.de
