German stocks hit record high after US midterm elections
Business Recorder • • 1 min read
German equities reached a fresh peak on Thursday, with the DAX up nearly 0.7 percent at 26,646.32 around 0900 GMT, Business Recorder reported. The index stood roughly 30 points above its earlier record, marking a new high for the blue-chip benchmark.
The advance followed a strong Democratic performance against President Donald Trump’s Republicans in the US midterm elections, which the report said lifted optimism among Wall Street investors. European shares also recorded monthly gains, while Heidelberg Materials climbed 3.8 percent and online retailer Zalando advanced 4.4 percent among the leading performers.
At a glance
- The DAX rose nearly 0.7 percent to 26,646.32 around 0900 GMT.
- Heidelberg Materials gained 3.8 percent and Zalando advanced 4.4 percent.
Originally reported by Business Recorder
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