This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEEAC0LE_M.jpgBy Peter Nurse
Investing.com – Germany’s posted a record high shortly after the start of trading Wednesday, helped by the improved sentiment emerging from Asia regarding the new pneumonia-like virus in China.
At 03:30 AM ET (0830 GMT), the benchmark index traded 0.5% higher at 13,627.38, just off the new high of 13,637.60. This breached the record close that was put in place in January 2018.
The German economy is one of the most open in the world and its companies are thus very exposed to global trade issues. The lessening of concern over the virus in Asia, along with the recent improvement in U.S.-China relations resulting in this month’s trade deal, have put a spring back into their step.
Additionally, the German economic sentiment index Tuesday hit its highest in four and a half years, while the Deutsche Bundesbank wrote in its most recent monthly report that manufacturing output may bottom out early this year.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.