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German leading index breaks record thanks to tech companies
According to a report from www.tagesschau.de, the leading German index has risen to a new all-time high of over 17,004 points. This increase is being driven by the good business of tech companies in the United States. In particular, the strong balance sheets of the tech companies Amazon and Meta from the USA have driven the DAX to a record high of 17,004.55 points. The fact that the upward trend that started at the beginning of November 2023 will continue impressively this year shows the strength of the market. This has a positive impact on the financial industry and the market in general. In addition, the German leading index was affected by ongoing speculation about the first interest rate cuts in...
German leading index breaks record thanks to tech companies
According to a report by www.tagesschau.de, the leading German index rose to a new all-time high of over 17,004 points. This increase is being driven by the good business of tech companies in the United States. In particular, the strong balance sheets of the tech companies Amazon and Meta from the USA have driven the DAX to a record high of 17,004.55 points.
The fact that the upward trend that started at the beginning of November 2023 will continue impressively this year shows the strength of the market. This has a positive impact on the financial industry and the market in general.
In addition, the German leading index was supported by ongoing speculation about the first interest rate cuts by the US Federal Reserve and the European Central Bank in the coming months. This speculation could also have an impact, particularly on the foreign exchange and global bond markets.
Overall, the DAX's record high indicates a strong economy and positive market prospects. The dynamics of the market and speculation about interest rate cuts are expected to have a significant impact on future developments in the financial sector.
Read the source article at www.tagesschau.de