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Photo: DANIEL ROLAND/ AFP
The stock markets got off to an impressive start to the year.
The German leading index Dax went on Wednesday for the third day in a row with profits from trading, since the start of the year it has already gained more than 400 points.
This Wednesday alone it closed 2.18 percent up at 14,490 points.
The MDax for medium-sized companies rose by 2.05 percent to 26,448 points.
The stock exchanges are getting a tailwind from declining inflation rates.
According to an initial estimate, the inflation rate in Germany fell to 8.6 percent in December.
This could result in low interest rates on the capital markets.
This is why real estate stocks in particular have been in demand since the beginning of the year.
Because the falling inflation dampens the concern that a further sharp rise in interest rates will make it even more difficult to refinance real estate.
The shares of Germany's largest housing group Vonovia alone rose by 5.4 percent.
In the MDax, TAG Immobilien shares rose by 5.8 percent.
In addition, investors in Europe grabbed bank stocks.
In Germany, Deutsche Bank shares in the Dax rose by 5.3 percent.
Commerzbank shares had meanwhile reached their highest level since 2018 and closed 2.3 percent higher.
If the economy picks up again as hoped, fewer loan defaults could threaten the banks.
The Eurozone index EuroStoxx 50 closed this Wednesday around 2.4 percent higher at 3974 points.
In the EuroStoxx, luxury stocks in particular were in demand: stocks from the luxury goods segment such as Kering, LVMH, Hermes and Burberry posted above-average gains.
European retail and consumer staples sectors were among the biggest gainers.
hey/dpa