DAX Continues to Shrug Off German Economic Woes -- Market Talk

Dow Jones

Jan 20, 2025

0737 GMT - Germany's DAX continues to power ahead even as the country's economy remains under pressure, a divergence that is due to its exposure to global trends, sector composition and contribution from individual stocks, Deutsche Bank strategists say in a note. The German blue-chip index closed at record highs for the past three sessions, having gained 19% in 2024. The index is up 50% since 2023, but German GDP growth has been slightly negative in each of the past two years. German GDP is a poor proxy for the DAX performance as the index has a higher correlation to global economic growth than to how the domestic economy fares, Deutsche Bank says. About 80% of revenue at DAX companies is generated abroad, while German GDP depends largely on domestic demand, the strategists say. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

January 20, 2025 02:37 ET (07:37 GMT)

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The German blue-chip index closed at record highs for the past three sessions, having gained 19% in 2024. The index is up 50% since 2023, but German GDP growth has been slightly negative in each of the past two years. German GDP is a poor proxy for the DAX performance as the index has a higher correlation to global economic growth than to how the domestic economy fares, Deutsche Bank says. About 80% of revenue at DAX companies is generated abroad, while German GDP depends largely on domestic demand, the strategists say. 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The German blue-chip index closed at record highs for the past three sessions, having gained 19% in 2024. The index is up 50% since 2023, but German GDP growth has been slightly negative in each of the past two years. German GDP is a poor proxy for the DAX performance as the index has a higher correlation to global economic growth than to how the domestic economy fares, Deutsche Bank says. About 80% of revenue at DAX companies is generated abroad, while German GDP depends largely on domestic demand, the strategists say. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 02:37 ET (07:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DAX","symbol_name":"Global X Dax Germany ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504222234","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504222234","pubTimestamp":1737358620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0737 GMT - Germany's DAX continues to power ahead even as the country's economy remains under pressure, a divergence that is due to its exposure to global trends, sector composition and contribution from individual stocks, Deutsche Bank strategists say in a note. The German blue-chip index closed at record highs for the past three sessions, having gained 19% in 2024. The index is up 50% since 2023, but German GDP growth has been slightly negative in each of the past two years. German GDP is a poor proxy for the DAX performance as the index has a higher correlation to global economic growth than to how the domestic economy fares, Deutsche Bank says. About 80% of revenue at DAX companies is generated abroad, while German GDP depends largely on domestic demand, the strategists say. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DAX":"Global X Dax Germany ETF"},"translate_title":"DAX指数继续对德国经济困境不屑一顾——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAX":1},"content_text":"0737 GMT - Germany's DAX continues to power ahead even as the country's economy remains under pressure, a divergence that is due to its exposure to global trends, sector composition and contribution from individual stocks, Deutsche Bank strategists say in a note. The German blue-chip index closed at record highs for the past three sessions, having gained 19% in 2024. The index is up 50% since 2023, but German GDP growth has been slightly negative in each of the past two years. German GDP is a poor proxy for the DAX performance as the index has a higher correlation to global economic growth than to how the domestic economy fares, Deutsche Bank says. About 80% of revenue at DAX companies is generated abroad, while German GDP depends largely on domestic demand, the strategists say. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2025 02:37 ET (07:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}