Coronavirus vaccines lift German DAX index to a record high

Germany’s leading index of 30 major companies hit a new high of over 14,000 points. Hopes for a successful coronavirus vaccination campaign pushed up other stock markets as well.

As hope spreads that new vaccines will help the world put the coronavirus in the rearview mirror, Germany’s leading DAX index reached a new high of just over 14,000 points on Thursday before it dropped to 13,968.24.   

The DAX still made a record closing at slightly under 14,000, with 0.55% up compared to the last few days.  

Indices for small- and medium-sized German companies also gained ground to set new records. Read’s full story.