German DAX Stock Index Approaches 13.000 Level

Germany's DAX stock index continues to trade at record levels and is moving to a symbolic level of 13.000. The DAX grew by 6.0% in September, as Germany's strong economy continues to show strong economic performance. The index has grown by 0.10% today and is trading at 12.980.50 level.

According to preliminary data from the Federal Statistical Office (Destatis), the volume of new orders in the German manufacturing sector increased by 3.6% seasonally adjusted in August after a decrease of 0.4% in July. Economists had expected the growth of the index by 0.7%. On an annual basis, production orders increased by 7.8% in August after rising by 5.0% in July.