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A toy bull in front of the price board: the leading index Dax is climbing to new heights.
Photo: Boris Roessler / dpa
Shortly before the end of the year, the optimists prevail on the stock market: the German share index Dax rose to a record high of 13,795.37 points shortly after the start of trading on Monday morning.
The index barely exceeded the previous record high of February 17, 2020 at 13,795.24 points.
During the Christmas break, two conflicts that had previously weighed on stock prices resolved.
On the one hand, after a long struggle, there was a Brexit deal, on the other hand, US President Donald Trump still put a $ 900 billion corona stimulus package into effect.
The start of the vaccination in many European countries also generated further optimism.
In November, the victory of the Democrat Joe Biden in the US presidential election reduced the uncertainty in the market and caused prices to rise.
The corona crisis, which pushed the German benchmark index down to 8255 points in March, seems to be forgotten for the time being with a view to share prices.
Investors are counting on a strong economic upswing.
And: The central banks are pumping billions upon billions into the financial markets - money that has to be invested somewhere.
The fact that the world economy is still not out of the crisis is receding into the background.
After the old record in February 2020, the mood of the party was quickly turned into panic in the wake of the corona pandemic: within weeks it fell by 40 percent to 8255 points.
Only massive injections of money from central banks and governments for the economy suffering from lockdowns brought the turning point.
With the end of most of the lockdowns in the summer, the economy improved in many places, although in many countries it is still lagging behind its pre-crisis levels.
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mic / dpa
