FRANKFURT (dpa-AFX) – After a severe setback on Tuesday, the German stock market staged a brilliant recovery rally in the middle of the week. It was triggered by the agreement between the CDU/CSU and SPD on an enormous financial package for armaments and infrastructure. In the very first hour of trading, the Dax 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 reach a new record high. The leading German index ended the day up 3.38 percent at 23,081.03 points. This is its highest daily gain since November 2022.
At the same time, the MDax of medium-sized companies recovered with a jump of 6.15 per cent to 29,763.14 points. The EuroStoxx 50, the leading eurozone index, rose by 1.89% to 5,489.12 points. Like the Dax, it has posted double-digit percentage gains since the beginning of the year despite the recent turbulence.
The Swiss…
