Germany30 (DAX) Long. European stocks are approaching record highs on Monday in hopes of a previous global economic recovery. The pan-European STOXX 600 index added 0.3%, followed by gains in Asia as investors grow confident about a strong global economic recovery from the effects of the COVID-19 pandemic. Germany’s strong export index DAX strengthens by 0.43%. Weekend data showed that the annual profits of Chinese industrial enterprises rose sharply in the first two months of 2021, underscoring the recovery of the country’s manufacturing sector.