Germany’s DAX Rebounds 20% from its Coronavirus Crisis Low

  • Bloomberg
  • Stock Market News
Germany’s DAX Rebounds 20% from its Coronavirus Crisis Low
Credit: © Reuters.

(Bloomberg) --

The index of 30 German large-cap stocks is set to exit a bear market that only began last month, after rising 20% from its March 18 closing price, the most recent trough of a sell-off spurred by the coronavirus pandemic’s arrival in Europe.

The benchmark has been boosted by indications that infection rates in the region may be nearing a peak. The DAX's rebound has been led by Fresenius SE (DE: FREG ) & Co. KGaA, Deutsche Post AG (DE: DPWGn ) and Siemens AG (DE: SIEGn ), up 38%, 36%, and 35% respectively.

©2020 Bloomberg L.P.

© Bloomberg. The DAX Index curve sits on display inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Friday, March 13, 2020. European equities restored their initial gains as trading remained volatile in the final session of the market’s worst week since the global financial crisis. Photographer: Alex Kraus/Bloomberg

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