Why Germany’s stock market is trading at record highs and what it means for you and your family
Germany’s german-market has taken another step forward after it topped all of its benchmarks.
The Frankfurt index rose as much as 4.1 per cent on Monday after hitting a record high of 1,834.7 points earlier in the day.
The FTSE 100 added 0.3 per cent to 1,933.75.
The DAX index of leading European shares also rose by 0.1 percent.
The S&P 500 index of small-cap stocks fell 0.7 per cent, while the MSCI Emerging Markets Index was little changed at 5,637.24.
The European Central Bank has announced plans to boost interest rates by a further 1 percentage point.
The Bank of England has cut its benchmark interest rate to 0.5 per cent.
The pound dropped to $1.2545 from $1,930.
The Euro Stoxx 50 index of smaller-cap shares also fell 0,2 per cent following the strong gains in the German market.
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