FRANKFURT (dpa-AFX) – The DAX reacted to the huge financial package from the CDU/CSU and SPD with a strong recovery on Wednesday. In early trading, the leading German index rose by 2.61 percent to 22,910.07 points. It thus approached the 23,000-point mark again, which it had surpassed for the first time at the beginning of the week. The MDax of medium-sized companies also recovered significantly on Wednesday morning with a rise of 3.50 percent to 29,020.06 points.
The EuroStoxx 50, the leading eurozone index, rose by 1.9 percent. Like the Dax, it has still 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 the higher defense spending in the face of the debt brake were “like a huge economic stimulus package”,…
