German stocks just hit an all-time high; Swiss shocker helps

Germany’s main stock benchmark jumped to an all-time intraday on Friday, as European stocks got a lift from U.S. stocks trading mostly in positive territory in morning action.

This week’s Swiss shocker has been viewed by many traders as an additional hint that the European Central Bank will buy up government bonds, which ought to help European stocks. The Swiss National Bank on Thursday scrapped its cap of 1.20 francs to the euro.

The DAX 30 DAX, +1.03% briefly rose as much as 0.8% to a new intraday peak of 10,109.57, topping its prior record set in early December, as shown in the adjacent interactive chart. However, the benchmark has pared its gain, to trade up 0.4% at last check, but it still could nab its second-highest close in DAX history.

 Varchev Traders

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