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German stocks are going through the roof and that's more great news for Europe

Mar 17, 2015, 22:00 IST

German stocks are having an absolutely massive 2015 so far.

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The country's growth has outstripped expectations, unemployment still seems to be falling and Europe-wide retail sales are accelerating at the fastest pace in a decade.

The DAX, the major index of German stocks, is up 40% over the past five months, accelerating particularly this year. Here's a chart from Deutsche Bank chief international economist Torsten Slok:

Deutsche Bank Research

Here's Slok: "German stocks have increased 40% over the past five months. Combined with the euro depreciation and lower oil prices it all points to more upside risk to the economic outlook for Europe."

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The euro has tumbled, which should give Germany's already-powerful exporters another boost - Goldman Sachs is now forecasting that the euro will drop to parity with the dollar in just six months, and on to $0.80 by the end of 2017.

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