Germany's Record-Beating Stocks Head for Further Gains in 2025 [Yahoo! Finance Canada]
SAP SE ADS (SAP)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Boosted to a large extent by a surge in software giant SAP SE, the exporter-heavy DAX index is up 22% this year, smashing through the 20,000 points level for the first time this month. While it lags the S&P 500's 28% rally, it far outpaces European peers including a 7.4% gain in the UK's FTSE 100 Index and a 1.6% decline in France's CAC 40. Expectations of a stronger global economy and a revival of demand from China have powered gains in stocks from Adidas AG to cement company Heidelberg Materials AG. Those factors are likely to remain in play during 2025, along with an anticipated boost in government spending after an election set for February. “We are bullish on German stocks next year as the eurozone economy likely sees some improvement,” said Susana Cruz, a strategist at Panmure Liberum. She sees some relief from lower borrowing costs in the second half of the year, while noting that geopolitical risks will continue to weigh on the industrial sector
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