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.
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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.
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