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

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

Stock market rush: reason to cheer or dangerous bubble?

 Stock market rush: reason to cheer or dangerous bubble? As if unleashed, the stock markets are currently racing upwards. Record after record follows on many stock exchanges. The world's most famous stock market barometer - the American Dow Jones Industrial - now has around 32,400 points. © Frank Rumpenhorst / dpa The Dax curve in the trading room of the Frankfurt Stock Exchange on the large board. The German leading index Dax was at around 14,600 points, higher than ever before. The severe economic slump last year? To forget.

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 already have 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

Meghan Markle stuns in £3,300 Armani floor-length black gown .
The Duchess of Sussex, 39, highlighted her blossoming baby bump in the black silk Armani dress, which was belted above her stomach and featured floral embroidery over one shoulder. Meanwhile she paid tribute to her late mother-in-law by borrowing a dazzling diamond tennis Cartier bracelet from Princess Diana's jewellery collection, which retails for an eye-watering £17,700. The Duchess is known for her love of designer brands, and her first maternity wardrobe is believed to have cost over half a million pounds. It was further boosted by decadent jewellery, which adds financial value to several of her outfits.

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