Optimistic DAX Continues Recovery Trend and Aims for Record High

Optimism at the German stock exchange remains unclouded: The DAX continues its recovery, advancing 0.3 percent to 18,187 points in the initial trading minutes of Wednesday. With this positive trend, the German benchmark index once again targets the record high of 18,567 points achieved at the beginning of the month. The MDax, which includes mid-sized companies, also shows its strength at midweek, gaining 0.3 percent in early trading to 26,702 points. The EuroStoxx 50, serving as the leading index for the Eurozone, also recorded an increase of 0.4 percent. In anticipation of the new business climate data from the Ifo Institute, due to be published in the morning, the market's upward trend remains stable. Experts at Landesbank Helaba even indicate that chances of further positive economic signals have increased following the promising preliminary purchasing managers' indices from the manufacturing and service sectors, which provided hope for an economic revival the day before. The current market is showing resilience against geopolitical risks; the recent absence of an escalation in the Middle East following Iran's attack on Israel has led to an increased willingness to take risks among investors. Nonetheless, shares of Deutsche Börse experienced no noticeable gains at the start, despite the recent business figures praised the previous evening, which could have provided a positive stimulus. The company's shares, based in Eschborn, lost more than one percent.