The agreement on the Brexit deal and the US aid package support the courses in Frankfurt and New York.
Shortly after Christmas, the German stock market reached new record highs across the board. The joy of investors about the Brexit trade pact negotiated after a long tug-of-war and the US Corona aid package brought the leading index DAX to a historic high on Monday.
The DAX had already jumped up to 13,818.65 points in early trading and had thus trumped the old record from February. At the final gong there was an increase of 1.49 percent to 13,790.29 points. The MDax closed trading with a gain of 0.80 percent to 30,655.69 points, the SDax closed 0.65 percent stronger at 14,656.42 points.
With the agreement between Great Britain and the European Union (EU), a great deal of uncertainty for stockbrokers has finally been cleared out of the way. Shortly before the end of the Brexit transition phase, both sides published their laboriously negotiated trade pact for the time afterwards. A protracted argument is about to come to an end.
United States
The most important US stock market indices were also able to mark new highs on Monday. The Dow Jones gained 204.10 units, or 0.68 percent, to 30,403.97 points. The S&P 500 Index, which contains 500 US companies, rose 0.87 percent to 3,735.36 points. The technology index Nasdaq Composite Index rose 0.74 percent to 12,899.42 points.
US President Donald Trump gave up his most recent blockade and put a $ 900 billion corona stimulus package into effect after all. This should help financially struggling citizens, give impetus to the troubled economy and provide additional funds for vaccinations and the fight against the coronavirus.
The signature of US President Donald Trump on another multi-billion dollar corona stimulus package brought Wall Street new record highs at the start of the last week of trading in 2020.
