Market soars: Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt. The DAX, rich in exporters including luxury-vehicle manufacturer Daimler AG, chemical producer BASF SE and engineering giant Siemens, has rallied almost twice as much as the Stoxx Europe 600 Index since a low in 2011. — Reuters
FRANKFURT: Volume has cratered, earnings estimates are down and forecasters are bearish on German stocks. And yet the benchmark DAX Index just rallied into a bull market.
The 30-stock gauge just completed a 22% advance from its February low through Tuesday – the first major euro-area benchmark to enter a bull market.
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