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Markets

German stocks hit record high after US midterm elections

  • The blue-chip DAX index rose almost 0.7 percent to 26,646.32 points
Published Updated
By

FRANKFURT: German stocks hit a record high Thursday after the Democrats won a stunning victory over US President Donald Trump’s Republicans in the midterm elections, which has spurred investor optimism on Wall Street.

The blue-chip DAX index rose almost 0.7 percent to 26,646.32 points at around 0900 GMT, around 30 points above its previous record.

European shares clock monthly gains

Top performers were Heidelberg Materials, up 3.8 percent, and online shopping giant Zalando, which rose 4.4 percent.

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