Paris: Germany’s DAX index has zoomed in on its record high in recent weeks and has room to power ahead as investors scoop up shares in industrial companies that will benefit from accelerating global economic growth.
The DAX, which has been outperforming most other euro-zone equity indexes this year, is about 3.5% -- or about 430 points -- shy of a record-high close of 12374.73 set in April 2015. This comes despite a retreat yesterday led by shares in Deutsche Bank AG, after it announced plans to raise about US$8.5bil in a share sale.