German DAX Hits Record High as Infrastructure Spending Fuels Outperformance

1 articles · Updated · DailyForex.com · Aug 9

Germany’s DAX climbed to fresh all-time highs, extending its outperformance against other major stock markets.
Strong government spending—especially on infrastructure—has helped power the rally, giving German equities an extra tailwind as investors also look for lower interest rates globally.
That backdrop contrasts with a choppier picture elsewhere: the Nasdaq 100 stalled near 30,000 resistance, while the Dow briefly broke above 54,000 before easing back.
The move underscores how fiscal support is becoming a key differentiator for equity markets, even as traders still weigh Fed uncertainty, elevated rates and Middle East-driven energy risks.