FRANKFURT (dpa-AFX) – Strong gains on the U.S. stock markets and plans to invest billions in artificial intelligence (AI) have given the German stock market a strong start to the week. On Monday, the Dax not only easily passed the 20,000 mark, but also closed above 20,200 points.
It ultimately gained 1.56 percent to 20,216.19 points, bringing the leading German index back to its highest level since mid-December. The MDax rose 0.78 percent on Monday to 25,699.77 points.
Europe as a whole also saw gains: the Eurozone leading index EuroStoxx 50 ended the day 2.36 per cent higher at 4,986.64 points. By contrast, the Swiss and British stock markets rose only very moderately.
The fact that US President-elect Donald Trump denied a report in the Washington Post only briefly dampened sentiment. He had called an article in the daily newspaper “incorrect”. The newspaper reported that Trump was planning to introduce tariffs…
