DAX Soars to New Heights as Investors Await German Government’s Economic Boost

DAX Soars to New Heights as Investors Await German Government's Economic Boost

The German Dax index closed the week with a gain. At the Xetra trading close, the index was calculated at 23,154.57 points, a 0.73 percent increase compared to the previous trading day.

Market observers attribute the optimism among investors to the investment package of the Union and SPD, which is set to be approved in the German Bundestag on Tuesday.

At the top of the price list, Sartorius shares were found, with a gain of over two percent. Siemens Energy and Bayer followed closely, while Symrise, Zalando and Infineon shares declined by over two percent, at the other end of the list.

The European common currency was stronger in the afternoon: one euro cost 1.0925 US dollars and one dollar was worth 0.9153 euros.

The gold price benefited, with a price of 2,996 US dollars per fine ounce, equivalent to 88.16 euros per gram, at the afternoon close, a 0.2 percent increase.

Meanwhile, the oil price rose: a barrel of the Brent North Sea type cost 71.08 US dollars at the Monday afternoon close, a 0.7 percent increase from the previous trading day’s close.