On September 27, 2024, global stock markets experienced a significant upswing, driven by positive economic signals from China. The German DAX index is projected to reach a record high of 19,277 points, reflecting a weekly gain of nearly 3%. Stephen Innes from SPI Asset Management noted that the overall market sentiment remains 'undeniably bullish.'
Chinese stocks have seen their best week of the decade following encouraging economic indicators, contributing to a ripple effect across international markets. This optimism is mirrored in the S&P 500 and MSCI World indices, which are also reaching new heights.
The implications of this economic momentum could lead to increased investor confidence and potentially stimulate further global economic recovery.
Source: finanznachrichten.de, September 27, 2024