"Looking ahead, there is very little reason to expect any imminent change for the economy," Carsten Brzeski at ING Bank said last week. "In fact, the expected economic policies of the incoming US administration as well as continued policy uncertainty as a result of the German government's collapse are likely to weigh on sentiment in Germany."
"Ironically, I think there's a strong argument to make for an inverse correlation between economic performance and stock market performance," Ben Ritchie, head of equities at a major investment firm, remarked.
DAX has been hovering around the 19,000 mark recently but has surged towards 20,000 over the past week despite grim data about the German economy overall.
Germany narrowly avoided recession for the third quarter of the year, but the latest data suggests a winter recession is inevitable in the new year.
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