FRANKFURT (dpa-AFX) – Following its breakthrough in the middle of the week, the DAX continued its rise toward a record high on Thursday. The leading German index rose by 0.66 percent to 24,274 points. The current record high was reached in July at 24,639 points.
The MDAX, which tracks medium-sized German companies, rose 1.04 percent to 30,777 points. The Eurozone’s leading index, the EuroStoxx 50, rose 0.9 percent.
In the US, investors defied the government shutdown with new records in the S&P 500 and Nasdaq 100. Government operations there have been partially shut down since Wednesday because no agreement on a transitional budget has been reached so far.
However, the situation is not unfamiliar to investors and stock market traders. According to the trading company CMC Markets, there have been 21 shutdowns in the US since the 1970s, and on average they have ended after eight days./la/stk
