1526 GMT - German stocks pare back the day's gains after lawmakers approved a major spending plan aimed at turbocharging its military and retooling its stagnating economy. Germany's DAX, the country's blue-chip index, is up 0.7% at 23320.85, having hit a new record high of 23476.01 earlier in the session. Defense company Rheinmetall tops the DAX gainers, up 4.2%, followed by agricultural and pharmaceutical group Bayer, which rises 3.9%. The MDAX index of midcap stocks is up 1.2%, while the SDAX index of small companies climbs 2.3%. "In our view, this is a historic fiscal regime shift, arguably the largest since German reunification," Deutsche Bank Research's Robin Winkler says.(adria.calatayud@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 11:26 ET (15:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。