FRANKFURT (dpa-AFX) - Following its leap past the 25,000-point mark the previous day, the DAX extended its record run on Thursday, buoyed by robust German industrial data. Industrial orders in Germany for the month of November came in surprisingly high, pushing the rather lackluster cues from overseas markets into the background. In the opening minutes of trading, the German benchmark index gained around half a percent, reaching a record level of 25,199 points.
The MDAX was little changed, down 0.1 percent at 32,045 points. The EuroStoxx 50, the leading index of the eurozone, also slipped by 0.1 percent, standing at 5,917 points.
In Germany, incoming orders for the manufacturing sector rose by a notable 5.6 percent compared to October, following significant increases in new orders over the previous two months. "The slight upward trend of recent months appears to be confirmed. The trough seems to have been passed," said economist Marc Schattenberg of Deutsche Bank Research, welcoming the "finally some good news for the industry."
On the New York stock exchanges, however, indices came under pressure the previous evening after initial record highs from the Dow Jones Industrial and S&P 500. Once again, it was remarks by U.S. President Donald Trump that unsettled the markets. Trump, for example, announced that major financial investors would no longer be allowed to purchase single-family homes in the future. He also called for a drastic increase in U.S. defense spending for 2027 and, citing what he sees as too slow a pace of rearmament, put pressure on U.S. defense companies.
According to Trump, they are to suspend dividend payouts and share buybacks until further notice and instead invest those funds into expanding their capacities. In the U.S., shares of companies such as Northrop Grumman and Lockheed Martin have already responded with losses of around 5 percent./ck/mis
