The DAX index, comprising Germany’s top 40 companies by market capitalisation, has reached unprecedented heights this week, surging past the 16,500-point mark, a level last witnessed in early August 2023.
In the past 13 trading sessions, the DAX has closed positively out of 11 of them, resulting in a robust 20% gain since the start of the year. This performance ranks as the second best annual showing in the past decade, with three weeks remaining in the year.
What’s behind the German stock market gains?
Prominent contributors to this recent surge include Infineon Technologies AG, Siemens Energy AG, and Sartorius, all recording gains ranging from 25% to 30% over the past month. Notably, positive gains have been widespread across the DAX components, with only three companies reporting a negative monthly performance.
This remarkable rally in the DAX index is occurring despite less favorable economic data for…
