Frankfurt, Dusseldorf There is a new record on the German stock market. The Dax exceeded its previous record high on Friday and rose well above the 16,300 point mark to as much as 16,331 points in the afternoon. The previous record from November 2021 was 16,290 points.
After reaching the record high, however, the Dax fell back slightly. At the close of trading, the leading German index was still up 0.7 percent at 16,275 points. On a weekly basis, this meant growth of 2.3 percent.
The Dax had approached its previous record with small steps. The friendly opening of the US stock exchanges gave the index an additional boost in the late afternoon. In the meantime, the EuroStoxx50 also gained one percent to an 18-month high and ended up 0.6 percent higher at the end of the day.
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