Deutz Shares

The global equity markets maintained their upward trajectory in 2017. Strong economic growth across the world, the passing of tax reforms in the US and the European Central Bank’s decision to continue purchasing bonds were key factors in this positive market environment. Another factor was the ongoing low-interest-rate policy pursued by the major central banks, even though the Federal Reserve did begin to make small interest-rate hikes. On 29 December 2017, the DAX closed at 12,917.64 points, which was 12.5 per cent higher than at the end of 2016.