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Germany's Blue Chip DAX 30 index ended its last trading session of the year slightly lower at 13,719, near it's  record high of 13,903 reached Tuesday, up 3.6% in 2020. German stocks recovered from the coronavirus crash in March which sent the DAX to a near seven-year low on March 16th. German stocks were the best performer among European stock indices for the year.

 DAX 2020

German stocks recovered to record highs after the Covid-19 pandemic lockdowns and Brexit uncertainty.

The German stock market did rebound gfrom the depths of despair aided by massive fiscal and monetary policy support globally, and more recently the EU-UK agreement on post-Brexit trade and the roll-out of COVID-19 vaccines loptimism about a quicker economic recovery.

How Global Indices fared in 2020

The euro however rallied against the US dollar as massive US QE weakened the dollar and relief that the UK-EU free trade deal had been agreed boosted the euro. The stronger euro added to gains for overseas investors in the German stock market.

EUR W 12 31 2020

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