At the start of trading, the leading German index rose to 13,615 points. The stock market barometer thus exceeded the previous record high of 13,596.89 points from January 2018. Most recently, the index was still up 0.36 percent at 13,604.92 points.
Unlike the major indices on Wall Street, the Dax has long lacked the strength to jump to new heights. This was mainly due to the economic concerns in the wake of the US-China trade dispute, which had a strong impact on auto and chemical stocks.
In the meantime, the two largest economies have signed a partial agreement. This was one of the reasons why economic optimism had returned to the markets. The day before also underlined the clearly brightened economic expectations of German financial experts: the indicator of the Center for European Economic Research (ZEW) climbed to its highest level since July 2015.