December 25, 2024
The German "magnificent seven" ensured the growth of the DAX stock index despite the crisis in the country thumbnail
Economy

The German “magnificent seven” ensured the growth of the DAX stock index despite the crisis in the country

Seven companies, including the defense concern Rheinmetall, ensured the growth of Germany’s DAX stock index by 18.7% in 2024.”, — write: epravda.com.ua

Seven companies, including the defense concern Rheinmetall, ensured the growth of Germany’s DAX stock index by 18.7% in 2024. The Financial Times writes about it. The DAX index, which includes 40 of Germany’s largest and most reliable companies, outperformed France and Britain and was well ahead of the regional Stoxx Europe 600 index, which rose 4.8%. Growth on the stock market in Germany in 2024 was mainly provided by seven companies:Advertising:SAP;Rheinmetall;Siemens;Siemens Energy;Deutsche Telekom;Allianz;Munich Re. It is reported that the German stock market is showing good results mainly due to the international activities of the mentioned companies. After all, they are less dependent on problems within the German economy. In particular, SAP stands out, which provided almost 40% growth in the index thanks to the transition of customers to cloud technologies and investor interest in AI.

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