19.02.25 - From record to record

Hardly a day passes without news of yet another all-time high in stock indices across Europe and the US. In Europe, Germany’s benchmark DAX Index, Euro Stoxx 50 as well as the pan-European Stoxx 600, have notched record after record this year.
The rally is driven by optimism that Germany’s election will yield a market friendly outcome, enabling the new government to implement much-needed economic reforms. Additionally by hopes that the war between Russia and Ukraine could soon come to an end following talks on the agenda, initiated by US president Donald Trump.

Markets: Stock markets are rising across the globe with US and European indices hitting new all-time highs.

My View: This sharp rise in stock prices comes rather as a surprise. Typically, with so many economic and political uncertainties, markets do not exhibit such euphoria.

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