Germany's DAX Index Rises, Close to Record High
Listen to the story
Germany's main stock market index, the DAX, closed higher on the day, rising by 0.51%.
The index came near its record high, its best level ever, during the trading session.
Bank stocks and defence company stocks led the gains, helping push the DAX upward.
Later in the session, the DAX slipped slightly, falling 0.12% to reach 26,299.74 points.
Even with this small drop, the index still had a strong day overall.
The DAX is made up of 40 of Germany's biggest and most important companies.
When the index rises, it often shows investor confidence in the German economy.
Bank shares often rise when investors feel positive about future business growth.
Defence company shares have been performing well recently amid global security concerns.
Analysts say the DAX has been getting close to record levels several times this year.
This shows strong overall performance in the German stock market.
The report came from Investing.com, a financial news website that tracks stock markets around the world.
Vocabulary10 words
- index
- a number that shows how a group of companies is doing
- record high
- the highest level ever reached
- bank
- a business that manages money for people
- defence
- related to protecting a country, like the military
- investor
- a person or company that puts money into shares
- economy
- the way money and business work in a country
- stocks
- another word for shares in a company
- session
- one full day of trading
- confidence
- a feeling of trust that things will go well
- analysts
- people who study markets and give opinions
Quiz
Answer key
1. 0.51% 2. Banks and defence 3. 26,299.74
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Germany's main stock market index, the _____, closed higher on the day, rising by 0.51%.
The index came near its record _____ during the trading session.
_____ stocks and defence company stocks led the gains.
Later in the session, the DAX _____ slightly, falling 0.12% to reach 26,299.74 points.
Even with this small drop, the index still had a _____ day overall.
The DAX is made up of 40 of Germany's biggest and most important _____.
When the index rises, it often shows investor _____ in the German economy.
Bank shares often rise when investors feel _____ about future business growth.
Defence company shares have been performing well amid global _____ concerns.
Analysts say the DAX has been getting close to _____ levels several times this year.
Discussion questions
- Why might bank and defence company shares rise at the same time?
- What does it mean when a stock index is close to a 'record high'?
- How can stock market performance reflect a country's economy?
- Would you want to invest in a company whose shares are rising? Why or why not?