The Dax rose on Thursday. With the stabilization of the US stock exchanges, which started weakly, the leading German index expanded its gains in the afternoon. It closed up 0.88 percent at 12,282.11 points, just slightly below its daily high.
The Dax rose on Thursday. With the stabilization of the US stock exchanges, which started weakly, the leading German index expanded its gains in the afternoon. It closed up 0.88 percent at 12,282.11 points, just slightly below its daily high.
The MDax for medium-sized companies rose by 1.26 percent to 26,824.51 points. The fact that the US economy surprisingly contracted for the second quarter in a row and thus slipped into a recession by definition left investors in the German market cold. According to experts, statements by the US Federal Reserve that the pace of monetary tightening might be slowed down somewhat in the future supported share prices.
The day before, the Fed had raised interest rates by a further 0.75 percentage points, as expected. At the same time, however, Fed Chairman Jerome Powell admitted that the high rate of tightening would have an impact on economic growth. On the German market, the focus was once again on a number of annual reports.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
