Dax hits 2-year high as European stocks strengthen

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Germany’s blue chip Dax index hit its highest level in almost two years on Wednesday morning, amid a broader uptick in European stocks.

German equities were among the best-performing in Europe in early trading, with gains for financial groups and industrials sending the Dax up 0.51 per cent to 12211.29, its highest level since April 2015.

The climb comes alongside a wider brightening in stock markets as last week’s fears about the “Trump trade” fade. France’s CAC 40 rose 0.44 per cent to hit its highest level in more than 18 months, while the FTSE 100 was up 0.3 per cent.

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