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DAX gets a lift above 22,600 as German defence stocks rise
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a significant increase in EU (and namely German) defence spending, as the US continues to pile the pressure on Europe to spend more. So, that dynamic in turn has helped the DAX to push higher this morning. Earlier on it opened higher anyway and these defence stocks are now pushing it back above 22,600 right now. That means the index is once again close to the records (22,624) it set last week. That drive seems to defy the prospect of any profit-taking that might have kicked in elsewhere so far today. The DAX is right now trading at 22,605
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