DAX Tops 24000 Level
On Tuesday, Frankfurt's DAX index experienced a 0.3% increase, breaking the 24,000 barrier for the first time and achieving a new record high. This surge was driven by robust performances from BMW, Infineon, and Merck, each seeing gains of over 1.5%. Meanwhile, Bayer, RWE, and Fresenius Medical Care advanced between 2% and 4%. From a macroeconomic perspective, investor confidence was bolstered by consumer confidence figures in the Euro Area for May that exceeded expectations. Additionally, Germany's producer prices continued their downward trend for a second consecutive month, decreasing at a faster rate than predicted.
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