Germany’s DAX Hits All-Time High as European Stocks Stage Rally
- Better-than-feared earnings, easing energy prices have helped
- European stocks have outperformed global counterparts
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Germany’s DAX Index closed at a record high, following similar milestones reached by France’s CAC 40 and UK’s FTSE 100 earlier this year.
The index pared gains in the final moments of trading as US debt-ceiling talks hit a roadblock with Republican negotiators abruptly left a closed-door meeting with White House representatives soon after it began. The benchmark closed 0.7% higher at 16,275.38 points, eclipsing the previous high set on Jan. 5, 2022, before Russia’s invasion of Ukraine.