As of: March 13, 2024, 9:58 a.m
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The Dax is the most important stock index in Germany.
© Fredrik von Erichsen/dpa
The record run on the German stock market continues.
Now the next record falls.
Frankfurt/Main - The DAX has exceeded the 18,000 point mark for the first time.
After the stock market opened on Wednesday, the leading German index rose to 18,001.42 points.
Euphoria has recently spread across the stock markets.
In a record run, the Dax recently reached new highs almost every day.
Although the German economy is weakening, the 40 companies in the leading index are globally positioned and do large parts of their business abroad, where the economy is stronger than in the home market - for example in the USA.
Recently, strong US stock exchanges, which benefit from a robust economy in the United States and a hype about artificial intelligence, pulled the German stock market higher.
The reporting season, in which large corporations present their business figures, also provides impetus for rising prices.
Recently, the prospect of inflation falling faster than expected in the Eurozone also boosted the German stock market.
This means that the first interest rate cut by the European Central Bank (ECB) is getting closer.
For the current year, the central bank expects an inflation rate of 2.3 percent; in its forecast presented in December it had assumed 2.7 percent.
Key interest rates could fall in June, as President Christine Lagarde recently indicated in Frankfurt.
Low interest rates are traditionally a driver for share prices, as alternative safe investments then become less attractive.
But experts also repeatedly warn against carelessness and the risk of a correction in the DAX.
The leading index is now “overbought”.
The mood remains positive and at the moment it is enough if there are no negative surprises in big numbers such as the US inflation rate to drive the market further upwards.
dpa