German Stocks Surge to Close at Record High

Frankfurt am Main, Dec 28 (AFP/APP): German stocks on Monday reached a record closing high, buoyed by a pandemic recovery package signed off in the US and Britain’s post-Brexit trade deal with the EU.

The DAX index closed up 1.5 percent at 13790.29 points, after reaching a record intraday high of 13,818.65 in morning trade. The jump came after a pause in trading over the Christmas period, during which US President Donald Trump signed a $900 billion (737 billion euro) pandemic aid bill and Britain and the EU agreed a deal to avoid an unregulated Brexit.

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