Entertainment DAX passes 14,400 point mark: New record high

19:21  08 march  2021
19:21  08 march  2021 Source:   finanzen.net

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At the start of the new week, the German stock exchange is on the up: The leading index DAX even reached a new all-time high.

DANIEL ROLAND/AFP/Getty Images © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images

The DAX rose to 14,402.92 points and thus exceeded its previous record high of 14,197.49 points, which it only reached on March 3rd had achieved. The stock market barometer is currently gaining 3.32 percent to 14,382.19 units.

After the surprisingly strong US labor market report, the most important US indices had a clear recovery on Friday. In addition, President Joe Biden's trillion-dollar economic aid package took a decisive hurdle at the weekend, as the Senate, as the second chamber of parliament, also approved it. "For investors, further floods of liquidity should be more grist to the mill," commented expert Timo Emden. "Even if the approval of the package was expected in advance and a large part should have already been priced in, investors should welcome the decision."

The downside consists of rising interest rates as an expression of growth optimism and fears of inflation. The better economic data turned out, the greater the doubts of the financial markets about a continued expansionary monetary policy, said economist Thomas Gitzel from VP Bank . The stock market has been stuck in this dilemma for weeks.Redaktion finanzen.net / dpa-AFX

From record to record: DAX goes higher from trading after new all-time high .
The German benchmark index continues to rise. New records were reported on Tuesday. © Provided by Finanz.net ASIF HASSAN / AFP / Getty Images The DAX continued its upward trend: On Tuesday it went up for a short time by almost 1 percent to 14,601.79 points. This broke the German benchmark index for the first time the 14,600 mark. From trading it finally went 0.66 percent higher at 14,557.58 points. After the sluggish start to the week, the German stock market gained momentum on Tuesday.

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