FRANKFURT (dpa-AFX) – The DAX jumped above the 23,000 point mark for the first time on Monday. A price rally in the defense industry and strong gains in automotive stocks even caused it to jump above 23,300 points at times. Ultimately, the leading German index ended the day up 2.64% at 23,147.02 points.
Following a significant gain of just over 5 percent in February, this also marked a successful start to March. In the still young year 2025, the DAX has already gained just over 16%.
“The last pessimists are being drawn into the market today by the very strong market momentum,” commented market observer Andreas Lipkow. The question now, however, is how long this price level can be maintained in the current geopolitical environment.
The MDax of medium-sized companies rose by 2.45 percent to 28,990.98 points, its highest level for almost a year. Stock markets across Europe saw similarly strong gains: the British…
