The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market has passed the 16,200 point mark. In midday trading, the Dax rose by 0.5 percent to a new high of 16,234 points. After crossing the said threshold, a series of purchases begins, which drives the Dax even higher.
The index reached its previous record yesterday, Monday, at 16,150 points. The final reading was 16,148 counters, an increase of 0.3 percent.
The series of new record highs seems to be endless. There have been seven new records since the beginning of last week. Most investors are convinced that the current year-end rally is not over yet. There is no other way of explaining the low turnover on trading days with new record highs. Nobody sells because they believe in even higher prices.
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