According to Handelsblatt editor Astrid Dörner, investors were not prepared for a rally at the beginning of the year.
(Photo: Getty Images)
Dusseldorf It feels a bit like 2021. The leading German index, the Dax, approached its high for the year on Wednesday and ended trading up 0.6 percent at 15,412 points. On Wall Street, the broad S&P 500 index could end its fifth of six weeks of gains this year and has already gained a good 9 percent since January.
The technology-heavy Nasdaq has even risen by around 17 percent since the beginning of the year. For many, this is a welcome change from the violent turbulence of the past year, when stocks – especially technology stocks – suffered from the rapid and significant interest rate hikes by the central banks.
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