Berlin, March 13 (QNA) - The German stock index DAX reached an all-time high, crossing the 18,000-point mark in today's session.
The index, whose comprised of the 40 largest German companies listed on the Frankfurt Stock Exchange, has been rising in recent trading sessions despite difficulties at the macroeconomic level. The index however is less sensitive to the German economy, as its companies are some of the world's biggest exporters.
Strong US economic growth and investor optimism about artificial intelligence have bolstered German stocks. Another factor was Eurozone inflation declining faster than expected, increasing expectations that the European Central Bank may cut interest rates rapidly and very soon. (QNA)