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The bulls are loose on the stock market: the so-called optimists in technical jargon once again stocked up on European stocks in anticipation of a surge in growth in their important trading partner, the USA.

Even the riots in Washington did not bother investors.

The leading German index Dax rose by 0.8 percent on Thursday to a record high of 14,000.03 points and cracked the 14,000 mark for the first time.

The hopes for the economy were mainly fed by the majority of the Democrats in both chambers of the US Congress.

The future President Joe Biden also belongs to this party.

“The constellation leads us to expect further fiscal policy stimulus measures in the USA,” said Commerzbank analyst Daniel Briesemann.

"New Corona aid measures that the Republicans have so far rejected could be decided on in the short term."

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Against this background, investors turned to infrastructure stocks again.

The European industry index rose by up to 2.4 percent to an eleven-month high of 524.62 points.

The view from Saint Gobain provided additional tailwind.

The construction industry supplier promised a quarterly result above market expectations.

The company's share rose in Paris by up to ten percent to a two-and-a-half-year high of 43.99 euros.

In their slipstream, the titles of the competitor HeidelbergCement gained four percent.

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