Despite the stock market year 2017 has started a bit cautious, the stock market rate performed continually positive in the course of the year.
Especially Europe could surprise with a remarkable economic momentum and surpassed all growth forecasts. Thereof results an appreciation for the euro against the dollar as well as the DAX made a new huge rise. For the first time in history, it has surpassed the mark of 13,000 points in October. The year high was valued at 13,478.86 points at the daily closing price.
Even though the DAX could not maintain this value until year`s end, it closed nevertheless at very good 12,917.64 points. This corresponds approximately 12.5 percent increase in value in 2017.
Furthermore, the MDAX also could record a very successful stock market year. With the annual increase of about 18 percent, it reached a year-end level of 26,200.77 points.
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