Further signals for a more moderate interest rate policy by the US Federal Reserve gave the Dax a little boost on Thursday. However, retail sales in Germany in October, which fell unexpectedly sharply, caused a setback.
Further signals for a more moderate interest rate policy by the US Federal Reserve gave the Dax a little boost on Thursday. However, retail sales in Germany in October, which fell unexpectedly sharply, caused a setback.
The leading German index initially rose by more than one percent. Most recently it was 0.47 percent more than the day before at a level of 14,464.40 points. The MDax of medium-sized stocks rose by a good one percent to 25,911 points. The EuroStoxx 50, the leading index in the eurozone, gained almost half a percent.
Fed Chairman Jerome Powell underpinned the prospect of smaller interest rate hikes on Wednesday, triggering a price rally on Wall Street.
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.
