DAX Surpasses 20,000 Points for the First Time in History

Germany's leading stock index reaches a record high, driven by expectations of lower interest rates and strong global performance by major companies.

The DAX, Germany's benchmark stock index, crossed the 20,000-point mark for the first time, rising 19% in 2024 despite domestic economic challenges.
Key drivers include expectations of interest rate cuts by central banks, declining inflation, and robust corporate earnings from globally focused companies like SAP and Siemens.
The index's growth contrasts with Germany's struggling economy, which faces a manufacturing slowdown, weak exports, and ongoing political uncertainty ahead of February elections.
Global trends, such as U.S. and Asian market rallies and optimism following Donald Trump's election as U.S. President, have provided additional momentum to the DAX.
Analysts note that most DAX-listed companies generate the majority of their revenue abroad, benefiting from a weak euro and potential economic recovery in 2025.