Rate cut optimism stimulates the market, Germany's DAX index hits a new record high

On August 29, Jinshi Data reported that the DAX index in Germany rebounded from the dumping in early August and hit a new high, thanks to the market’s optimistic attitude towards the trend of interest rates. On Thursday, the index pumped 0.7% to 18912.47 points, surpassing the high point of May 15. The DAX index in Germany has pumped 13% so far this year, making it one of the best-performing major indexes in Western Europe along with the Italian stock index, far outperforming the French CAC40 index, which has only pumped slightly this year. The European Stoxx 600 index pumped about 9%. Currently, investors choose to ignore the weakness of the largest economy in Europe and optimistically believe that central banks of various countries will quickly cut interest rates to protect the economy from more serious damage.