0840 GMT - The German DAX's unprecedented rally shows no signs of slowing, chief market analyst at CMC Markets Jochen Stanzl, writes. Since the start of the year it has risen 11% and is outperforming Wall Street indices, he says. The index could rise as high as 22,200 points as Germany's largest companies continue to report strong results boosted by overseas earnings, Stanzl writes. Investors are looking for an excuse to sell shares and lock in profits but the market's rise continues to deny them this opportunity, he adds. The threat of U.S tariffs and the upcoming election are overshadowed by quarterly earnings and a favorable interest rate environment, he adds. The DAX trades up 0.2% at 22076.4 points.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 03:40 ET (08:40 GMT)
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