German stocks bounce 1.7%, a record high, on Brexit deal, US aid

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Having been closed since Dec 23, the blue-chip DAX index hit 13,819 points at the open. FMTNews

FRANKFURT: Germany’s main stock index reached a record high on Monday, buoyed by a pandemic recovery package agreed in the US and Britain’s Brexit deal with the EU.

The US leader had previously refused to sign the relief package, arguing that it included wasteful spending. The Brexit deal and the US aid package were pushing the DAX to “a new high”, Jochen Stanzl, an analyst at CMC Markets, said.

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