The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf On the German stock market, investors breathe a sigh of relief after the results of the Bundestag election. The Dax rose in the morning by 0.8 percent to 15,659 points. The leading index lost 0.7 percent on Friday and ended the trading week at 15,531 points.
Reason for the relief: There will be no left alliance with the SPD, the Greens and the Left, which was the big nightmare for the stock exchange. Such an alliance would have meant significantly higher taxes and more regulation. Topics that never go down well on the stock exchanges.
However, the result is unlikely to provide any lasting impetus either. For asset manager Markus Schön, the outcome of the election is a “non-event”. “Neither the election result nor the coalition prospects are so shocking that this will cause major market movements – not in Germany, but certainly not internationally,” he said before the start of trading.
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