Germany’s DAX Index climbed to a record high ten months after the pandemic-fueled equity rout, amid investor relief following a Brexit deal and as U.S. President Donald Trump signed a coronavirus stimulus package. The index gained 1.5% on Monday, surpassing its February intraday high, while the broader Stoxx Europe 600 Index is still yet to recover all of the losses suffered earlier this year. All 30 members in the DAX have climbed since the March low, with Daimler AG and Infineon Technologies AG leading the pack as their shares have more than doubled. Other country benchmarks have beaten the DAX in recouping pandemic losses and climbing to an all-time high this year. Still, many investors and analysts are optimistic about prospects for cyclical shares -- which have a heavy weighting in the DAX -- in 2021.

Source: Mint December 28, 2020 11:11 UTC