FRANKFURT (dpa-AFX) - DAX investors are eyeing the 25,000-point mark on Tuesday, a threshold the German benchmark index could surpass for the first time in its history. In the opening minutes of Xetra trading, it posted a gain of 0.14 percent to reach 24,904 points, enough to set yet another record high.
The MDAX of mid-cap stocks rose by 0.36 percent to 31,568 points. The EuroStoxx 50, the leading index for the eurozone, was also slightly in positive territory. Throughout the day, market participants are paying close attention to consumer price data from Germany.
"The DAX is kicking off the year with a new wave of optimism," commented market analyst Jochen Stanzl from Consorsbank. Thanks to the billions in infrastructure and defense spending by the federal government, hopes for a revival of the German economy in the new year are once again seen as a key driver for the DAX.
The U.S. attack on Venezuela did not unsettle global stock markets. On the U.S. stock market, the Dow Jones Industrial index even surpassed its previous all-time high from December. Investors primarily bet on oil stocks, which could benefit from a potential rebuilding of Venezuela's oil industry. Additionally, this has fueled hopes for falling oil prices, which would be positive for the global economy, reduce inflationary pressures, and could lead to further interest rate cuts./ajx/mis
