Germany's blue-chip DAX 30 index pushed on with its record-breaking streak this morning, opening above 14,000 points on growing expectations there will be a strong stimulus plan in the US.

The DAX index yesterday topped the psychological barrier of 14,000 points for the first time, the latest in a series of  records set in recent weeks.

It has taken the prestigious DAX index more than three years to go from 13,000 points to breaching the psychologically important barrier of 14,000 points. 

Today's gains came after data showed both German industrial output and exports rose more than expected in November, adding to signs that the manufacturing sector gave impetus to Europe's largest economy in the fourth quarter. 

Industrial output in Germany was up by 0.9% on the month and exports rose by 2.2%, figures released by the Federal Statistics Office today showed. 

It was the seventh month in a row that both readings rose, following a lockdown in March and April to contain a first wave of the coronavirus pandemic that sparked an economic crisis expected to push Germany into its worst recession since World War Two. 

A breakdown of the output data showed that manufacturing and construction compensated for a drop in energy output, which fell by almost 4%. 

Imports surged by 4.4%, which resulted in both the current account and trade balance shrinking from the previous month. 

Germany imposed another lockdown in November that was toughened and extended this month as it struggles to contain a second wave of infections, with restaurants, cinemas, fitness studios and all other non-essential businesses being forced to close.