March 03, 2025 at 12:43PM
The DAX is up well over 2% on the day now as the risk mood picks up, with major indices in the region posting solid gains to start the new week/month. For the DAX itself, the index is aiming for gains in eight out of the last nine weeks now as the run higher sees it almost double in terms of value since the 2022 low.
It is trading at fresh record highs and again, it’s an indictment that the stock market is not the economy.
Elsewhere, the CAC 40 is up 1.4%, UK FTSE up 0.8%, IBEX up 0.4%, and FTSE MIB up 1.0% currently.
I’ll admit I had my reservations on the outlook for European stocks in December due to Trump’s tariffs threat. But buyers have kept the faith and are duly rewarded for it with Trump’s bark being much worse than his bite, as we have come to find out.
Stocks in Europe also saw a somewhat similar hot streak in the early stages last year, albeit not to the same extent, before the buying only relented around May to August. Is this going to be a repeat of that?
This article was written by Justin Low at www.forexlive.com.
