FRANKFURT (dpa-AFX) - With a jump above 24,000 points on Tuesday, the DAX has completed the next stage of its record run. The leading German index rose to 24,082 points, passing the 2,000 mark for the fourth time this year. Although the tailwind subsided, it managed to stay above this level. It closed 0.4 percent higher at 24,036.11 points. The MDAX rose by 1.39 percent to 30,550.83 points.
According to experts, the sustained stock market upturn is due to a combination of factors, including hopes for a solution to the global trade disputes initiated by US President Donald Trump. This is coupled with a fairly solid corporate reporting season, the German government's billion-dollar financial package, and expectations of falling interest rates in the eurozone.
Due to the uncertainty surrounding Trump's policies, experts have been pointing to capital flows to Europe for some time. A comparison with the somewhat weaker US stock markets on Tuesday confirms this: while the DAX is now up almost 21 percent again this year, the leading US index, the Dow Jones Industrial, is currently only up 0.4 percent for the year.
