Having been closed since December 23, the blue-chip DAX index bounced 1.7 per cent, reaching 13,819 points at the open, topping the previous high set in February before the coronavirus pandemic forced Europe into lockdown. — Reuters pic
Having been closed since December 23, the blue-chip DAX index bounced 1.7 per cent, reaching 13,819 points at the open, topping the previous high set in February before the coronavirus pandemic forced Europe into lockdown.The jump came after US President Donald Trump signed a US$900 billion stimulus bill late yesterday, averting a government shutdown and removing considerable uncertainty for the world’s largest economy.
On December 24, Britain and the European Union agreed a post-Brexit deal that ended the potentially destructive possibility of its disorderly exit from the bloc. The market is “breathing a sigh of relief” after the Brexit deal, independent analyst Timo Emden added.