DAX Hits Record High of 22,000 Points as Deutsche Börse Reports Historic Profits
The Deutsche Börse achieved record earnings in 2024, while the DAX surged past 22,000 points despite global economic uncertainties.
- The DAX, Germany's leading stock index, surpassed 22,000 points for the first time in history, continuing its record-breaking trajectory.
- Deutsche Börse reported a 15% increase in EBITDA for 2024, reaching approximately €3.4 billion, with net revenue also rising by 15% to €5.8 billion.
- The company plans to raise its dividend to €4 per share, up by €0.20, reflecting its strong financial performance.
- Investor optimism persists despite global challenges, including new U.S. tariff announcements by President Trump and concerns over competition in AI markets.
- The DAX's growth is bolstered by expectations of lower interest rates in the Eurozone, reduced inflation concerns, and strong corporate performance, particularly from U.S. firms.