News Formal

German Stocks Soar Despite Domestic Economic Woes

  • 📰 FT
  • ⏱ Reading Time:
  • 13 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Business 뉴스

Stock Market,Germany,Dax Index

Germany's stock market has defied economic gloom, with the Dax index surging 18.7% this year. This strong performance is attributed to a handful of companies, dubbed Germany's 'magnificent seven,' which generate a significant portion of their earnings from outside Germany. The rally comes despite weak domestic growth, political instability, and an expected slowdown in economic expansion.

A handful of companies dubbed Germany’s answer to the US “magnificent seven” have driven a strong rally in the country’s stock market this year, defying the gloom enveloping the domestic economy. Frankfurt’s Dax, an index of 40 blue-chips, has risen 18.7 per cent this year, beating the benchmarks in France and the UK, and far outstripping the region-wide Stoxx Europe 600 index’s 4.8 per cent gain.

“Technology stocks have been the story of this year and unfortunately in Europe we only have two major players: ASML and SAP,” said Marc Halperin, co-head of European equities at asset manager Edmond de Rothschild. “The icing on the cake is AI.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 113. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Germany latest: Saudi Arabia 'repeatedly warned' Germany about suspect's 'extremist' views before Christmas market attackA 50-year-old suspect is being remanded in custody after five people were killed and more than 200 injured in a car-ramming attack at a Christmas market in Magdeburg. Saudi Arabian sources say they repeatedly warned Germany about the suspect's 'extremist' views.
출처: SkyNews - 🏆 35. / 67 더 많은 것을 읽으십시오 »