FRANKFURT, Sept. 19 (Xinhua) -- Germany's benchmark DAX index surged over one percent on Thursday, closing at a record high. The DAX climbed 1.55 percent to end at 19,002.38 points, marking its first-ever close above the 19,000-point threshold.
During intraday trading, the index briefly touched an all-time high of 19,044.96 points before paring some gains. Analysts attributed the rally to the recent outsized rate cut by the U.S. Federal Reserve, which has fueled optimism for a potential soft landing of the U.S. economy, with positive spillover effects for the global market.
