As of: February 15, 2024, 10:33 a.m
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The Dax is the most important stock index in Germany.
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The Dax climbed to a record high on Thursday.
The leading German index reached a record of a good 17,089 points and was recently up 0.60 percent at 17,048 points.
This means that the stock market barometer exceeded its previous high, which was only marked the previous week.
Frankfurt/Main - The MDax of medium-sized stocks rose by 0.76 percent to 26,247 points.
The EuroStoxx 50, the leading index for the Euro region, rose by 0.67 percent.
There were positive impulses from the US stock exchanges, where the major indices went a step further in late trading on Wednesday and shook off concerns about the recently unexpectedly high inflation.
In New York, the Nasdaq 100 technology index stood out, ending trading just below its daily high.
Positive data on the state of the US economy is fueling hopes that companies and consumers will be able to cope well with high interest rates and that there is no threat of recession for the time being.
The world's most important central banks had significantly raised their key interest rates since 2022 in the fight against inflation.
Inflation has now eased and investors are betting that interest rates will fall again this year.
That would make stocks more attractive again compared to bonds.
In addition, lower interest rates would make it cheaper for companies to refinance, which is good for their financial strength.
The companies' quarterly balance sheets once again brought movement in the prices of individual stocks.
The interest rate turnaround helped Commerzbank achieve record profits last year.
The promised dividends surprised investors positively: the financial house's securities gained a good three percent at the top of the DAX.
Airbus shares fluctuated around their previous day's closing price.
According to experts, the world's largest aircraft manufacturer had a mixed performance.
At the top of the MDax, Delivery Hero shares continued their strong recovery rally from the previous day and rose by more than four percent.
The shares of Elmos Semiconductor rose by a good twelve percent and were by far ahead in the SDax small cap index.
dpa