FRANKFURT (dpa-AFX) - After a difficult start, the DAX continued its record run on Wednesday afternoon. With a recent increase of 0.40 percent to 24,132 points, the leading index traded above 24,100 points for the first time.
The German benchmark index had been trading lower for much of Wednesday, but the opening of the US stock markets gave German shares a boost, even though the indices in New York were down. Experts have long pointed to capital flows to Europe due to uncertainty about Donald Trump's policies.
After a week-long break, this is the third day in a row that the DAX has hit record highs. Just the day before, the index had broken through the 24,000-point mark for the fourth time this year. According to experts, the sustained upturn is primarily based on hope for a resolution to global trade disputes, the German government's billion-dollar financial package, and expectations of falling interest rates in the eurozone.
