US economy grows by 5.2 percent in the third quarter - DAX reaches daily high

US economy grows by 5.2 percent in the third quarter - DAX reaches daily high

According to a report by www.deraktionaer.de, the US economy recorded stronger growth in the summer than previously known. Gross domestic product (GDP) rose an annualized 5.2 percent in the third quarter, which is 0.3 percentage points higher than the first estimate. This positive data gave the bulls on the Frankfurt stock exchange additional strength, and the DAX rose to 16,184 points, reaching its highest level since the beginning of August.

These numbers are a strong signal for market stability and economic growth in the USA. The 5.2 percent growth shows that the US economy remains resilient despite the challenges created by the Covid-19 pandemic. This could lead to increased investment activity and a positive impact on the global financial market. The increased performance of the US economy could also lead to a strengthening of the US dollar in the international foreign exchange market.

This could provide further impetus for continued growth for the DAX. The technical chart picture for the DAX continues to brighten and the next target could be 16,240 points. These positive US growth figures could also help investors have confidence in the European market and invest more in European stocks.

Overall, the strong US economic data shows that global financial markets could benefit from improved economic performance. Investors could interpret this as a signal of long-term stability and growth, which could have a positive impact on the financial industry as a whole.