FRANKFURT (dpa-AFX) – The prospect of billions in investment in infrastructure and armaments continued to drive the German stock market on Tuesday. Even before the Bundestag had given the green light for the financial package in the afternoon, the Dax had risen to a record high of just over 23,476 points. Ultimately, the leading German index ended the day up 0.98 percent at 23,380.70 points. Its annual gain now stands at more than 17 percent.
Stocks from the second and third tiers of the German stock market continued to be in even greater demand: while the MDax rose by 1.55 percent to 29,970.08 points, the SDax showed the greatest momentum with an increase of around three percent. The small-cap index is gradually approaching its 2021 record.
The financial package approved by the Bundestag now makes it clear to companies that the money is available, commented Thomas Gitzel from VP Bank. “This provides reliability and…
