DAX Reaches Record High Amid China's Economic Measures

The DAX index has soared to an unprecedented high, closing at 19,238 points with a daily gain of 1.69%. This surge is powered by China's central bank reducing key interest rates and signaling further economic support.

Despite a bleak economic outlook in Germany, where GDP is expected to shrink by 0.1% this year, investor sentiment remains buoyant. Analysts attribute the rally to positive corporate news from the U.S. and expectations of prolonged low-interest rates.

The record-breaking rise highlights the market's focus on early economic indicators and global influences, rather than domestic economic woes. As the European Central Bank hints at lower interest rates, stocks remain an attractive investment, driven by both fiscal stimuli and the fear of missing out on further gains.