The DAX index in Frankfurt continues its record-breaking run with a 0.28% gain, marking its fourth consecutive day of gains. The MDax and EuroStoxx 50 indices also rose by 0.3% and 0.3%, respectively. Portfolio manager Thomas Altmann comments that “the euphoria is back,” but warns of the potential dangers of the market’s current trend.
The DAX index in Frankfurt continued its record-breaking run on Wednesday, gaining 0.28% to close at 24,372.83 points. This marks the fourth consecutive day of gains for the German benchmark index, which is now just 1.1% away from its record high of 24,479 points reached in early June [1]. The MDax index of medium-sized stocks and the EuroStoxx 50 index of the leading eurozone stocks also rose by 0.3% and 0.3%, respectively, adding to the overall positive sentiment in the market [2].
Portfolio manager Thomas Altmann from Frankfurt-based asset manager QC Partners commented that “the euphoria is back” in…
