Germany's DAX peaks above 13,000 points for first time ever

reuters.com ^ | OCTOBER 12, 2017 | Reuters Staff

[Berlin_Freeper]

Germany's benchmark DAX index .GDAXI hit a fresh record high on Thursday topping above 13,000 points for the first time in its 30-year history, helped by a pullback in the euro and optimism about global economic growth.

[2ndDivisionVet]

Trump effect?

[Berlin_Freeper]

One of the main reasons behind the new high is that four out of five DAX shares are held by foreigners, the largest group being North Americans, which now holds 32.6 percent of DAX companies, and they tend to be more proactive.

[ameribbean expat]

What’s going on with the mittelstand, politically? Where do they fit on the immigration and globalization issues impacting Germany?