Germany’s DAX stock index surpasses 18,000 for the first time
March 13, 2024
Germany’s benchmark blue-chip stock index, the DAX, surpassed the 18,000-point mark for the first time during morning trading on Wednesday shortly after the open.
The DAX, which is made up of 40 large publicly traded German companies, has been performing strongly recently despite the difficulties facing the German economy in general.
The Federal Statistical Office (Destatis) reported that Germany’s gross domestic product (GDP) fell by 0.3% in the last quarter of 2023. However, in January this year, Europe’s largest economy saw a jump with German companies achieving a 6.3% increase in the value of exported goods.
Source: DW
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.