FRANKFURT (dpa-AFX) – The DAX reacted to a planned financial package by the CDU/CSU and SPD with a strong recovery on Wednesday. Already in the first hour of trading, the leading German index broke through the 23,000-point mark, which it had exceeded for the first time at the beginning of the week. However, it was not enough to set a new record: at midday it was up 3.26 percent to 23,054.98 points.
The MDax of medium-sized companies recovered even more strongly with a jump of 5.98 percent to 29,716.10 points. The EuroStoxx 50, the leading eurozone index, rose by 2.2 percent. Like the Dax, it has posted double-digit percentage gains since the beginning of the year despite the recent turbulence – in contrast to the predominantly significant losses of the major US stock market barometers.
For the Dax, the planned special budget for infrastructure and higher defense spending, which bypassed the debt brake, acted “like a…
