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
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Brief AI Generated summary
German stocks hit a record high after the Democrats' US midterm election victory, sparking investor optimism and driving the DAX index up significantly.
Read the full article for:
- Impact of US midterm election results on European markets.
- Specific German companies leading the stock market surge.
- The new record high achieved by the blue-chip DAX index.
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.