German Stocks Close at 2-Year High (Market Trading)
January 9, 2020•145 words
The DAX 30 jumped 175 points or 1.3% to 13,495 on Thursday, its highest closing level in two years, after data showed Germany's industrial output grew by the most in a year and a half in November, while concerns about a potential armed conflict between the US and Iran eased. Investors focus meanwhile turned to US-China trade negotiations as Beijing confirmed it was sending a delegation led by Vice Premier Liu He to Washington next week for the signing of the Phase One deal. Other major stock indexes across Europe closed in the green: the FTSE 100 rose 23 points or 0.3% to 7,598; the CAC 40 added 12 points or 0.2% to 6,043; and the FTSE MIB gained 185 points or 0.8% to 24,017. Meanwhile, the IBEX 35 lost 10 points or 0.1% to 9,582.