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DAX reaches new all-time high as market momentum continues
The DAX index reached a new all-time high of 19,518, closing at 19,508, continuing its upward trend. With no significant technical resistance ahead, potential gains towards 19,600 or even 20,000 are possible. However, a drop below the September high of 19,492 could signal a retreat towards lower support levels.
factory automation growth driven by labor shortages and rising costs in asia pacific
The factory automation market, valued at $161.2 billion, is projected to grow at a CAGR of 8.6% from 2024 to 2032, driven by the need for increased production efficiency and reduced labor costs. Key players like ABB and Siemens are innovating with advanced robotic systems to address labor shortages and enhance product quality, particularly in the Asia Pacific region, which is leading in industrial automation adoption. The rise of Industry 4.0 and the Industrial Internet of Things (IIoT) further accelerate this transformative shift in manufacturing processes.
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