On Thursday, July 22, the stocks of Germany, which is the largest economy in Europe, edged higher together with other stock markets around the world.
The MSCI World Index spiked 1.03% with a net increase of $30.861. This sent the stocks above to $3,036.72 per share.
This gain resulted from investor’s continued overcorrection since yesterday from Tuesday’s overreaction where the global stocks fell due to inflation and covid fears.
In the Frankfurt Stock Exchange, the DAX Index gained 1.36% with a net increase of $206.23. This sent the stock higher at $15,422.50 per share.
Its top performers were led by Siemens Energy AG which soared 4.92% or 1.08 points to $27.17 per share.
This was followed by MTU Aero Engines AG and Deutsche Bank AG which both progressed 4.31% or 8.45 points to $214.30 and 4.27% or 0.43 points to $12.39, respectively.
While its worst performer includes SAP SE which lost 2.49% or 3.02 points to $139.78 per share.
Moreover, the MDAX Performance Index climbed 1.63% with a net gain of $552.58. This sent the stocks up at $34,503.48, per share.
Its best performers were led by Varta AG which jumped 5.05% or 6.90 points to $169.32 per share.
This was followed by Shop Apotheke Europe N.V. and Encavis AG which both rose 4.52% or 5.60 points to $152.69 and 4.32% or 0.64 points to $18.23, respectively.
While its bottom performer includes Sartorius AG Pfd which plunged 3.56% or 17.30 points to $553.75 per share.
European Stocks Up
Furthermore, European stock also climbed as the STOXX 600 rallied 1.65% or $7.36 which sent the stocks higher at $453.97 per share.
In the London Stock Exchange, the FTSE 100 and FTSE All Share Index both rose 1.70% or 117.15 points to $6,998 and 1.71% or 67.24 points to $4,000, respectively.
In the Paris Stock Exchange, the CAC 40 Index also gained 1.85% or 117.63 points to $6,464 per share.
This was led by Publicis Groupe SA which jumped 4.93% or 2.54 points to $63.76 per share.
SAFRAN SA and Renaults SA followed by rising 4.55% or 5.04 points to $136.78 per share and 4.46% or 1.34 points to $37.06 per share, respectively.