Tag Archives: DAX
German Economy Slips into Technical Recession, Stock Market Hits and Maintains Highs
Germany’s first-quarter GDP witnessed a modest recovery, with a 0.2% quarter-on-quarter expansion, bouncing back from a 0.5% contraction in the preceding quarter. The rebound aligned with preliminary estimates and market expectations. The upturn was primarily driven by a sharp resurgence in gross fixed capital formation, which rose by 1.2% compared to a 2.1% decline in […]
Markets in Europe Rally After U.S. Upswing and ECB Move
The DAX 40 in Frankfurt overturned initial downtrends, escalating by 0.14% to hit a record peak of 17,868 points. The European Central Bank’s choice to keep interest rates at unprecedented highs and significant decline in impending inflation predictions stimulated possibilities of a near-term rate reduction, potentially by June. On the flip side, Hugo Boss individual […]
DAX Reaches Record High Fueled by Positive Sentiment
On Thursday, February 15, the DAX index in Frankfurt reached a groundbreaking record as it climbed 0.6% higher to settle at 17,047. This record-breaking high was bolstered by a succession of promising corporate earnings and optimistic comments from the President of the European Central Bank, Christine Lagarde. Lagarde acknowledged the latest economic data from the […]
Record High DAX Index, Improved Economic Data and Rate Cuts
Germany Composite PMI: A Positive Turn Amidst Contraction The HCOB Germany Composite PMI for November 2023 surpassed initial estimates, reaching 47.8, up from the preliminary 47.1 and the October reading of 45.9. While the index indicates an ongoing contraction, it’s noteworthy that the pace of decline was the slowest in four months. Notably, signs of […]
