FRANKFURT, Jan. 7 (Xinhua) -- The DAX, Germany's leading stock market index, hit an all-time high on Wednesday morning and surpassed the mark of 25,000 points.
The DAX started trading midweek at a record high, surpassing the 25,000-point mark at around 9 a.m. Central European Time CET (0800 GMT) for the first time.
The DAX index rose to 25030.76 points in the intraday trading, a new record high.
The German benchmark index is currently trading at 25,030 points, up 0.53 percent from the previous day's level.
Local analysts explained that the prospect of a German economic recovery in the new year, fueled by billions of euros in infrastructure and defense spending by the federal government, is a key driver of stock market performance. ■