In Germany, the DAX 40 Index set a new record by reaching 19,630 points for the first time in its 36-year history. Starting the day at 19,581 points, the DAX 40 Index rose to its highest level since October 15. It then reached a new historical record by hitting the highest level of 19,633 points. On October 15, the index had reached 19,602 points, breaking the previous record. Analysts noted that investors are focusing on the interest rate decision of the European Central Bank (ECB) on October 18, expecting no recession in the United States. They also highlighted that news in the international press about Israel planning retaliatory attacks against Iran by targeting military facilities, and separating nuclear and oil facilities, had a positive impact on European equity markets. Analysts also mentioned that expectations of ample liquidity due to further easing of monetary policies in both the Eurozone and the United States have increased investors’ appetite for risk.
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