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Dax Surpasses 20,000 Points for First Time Amid Optimism on Interest Rates

The German stock index Dax has crossed the 20,000-point mark for the first time, fueled by hopes of falling interest rates in both the U.S. and Eurozone. In just one year, the index has risen by approximately 3,000 points and reflects a broader positive outlook despite a slow domestic economy. As 2024 approaches, the Dax has already seen gains of nearly 19% for the year, aided by solid economic data from China and market shifts potentially linked to France’s political instability. The recent election of Donald Trump as U.S. President has also positively impacted global financial markets.

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