On the German stock market, Dax & Co went into reverse gear on Wednesday before the interest rate decision in the USA. The leading index Dax went from trading with a discount of 0.26 percent to 14,460.20 points. In the end, he only gave up a small part of his winnings from the previous day. The price gains on the US stock exchanges had a supportive effect. There, investors were confident about the Fed’s expected rate hike.
On the German stock market, Dax & Co went into reverse gear on Wednesday before the interest rate decision in the USA. The leading index Dax went from trading with a discount of 0.26 percent to 14,460.20 points. In the end, he only gave up a small part of his winnings from the previous day. The price gains on the US stock exchanges had a supportive effect. There, investors were confident about the Fed’s expected rate hike.
The majority of the stock exchanges are expecting an interest rate hike of 0.50 percentage points. The Fed would thus ease its more aggressive monetary policy stance to curb inflation with several interest rate hikes of 0.75 points. According to market analyst Konstantin Oldenburger from CMC Markets, the more exciting question is how many steps will follow.
The MDax lost 0.55 percent on Wednesday to 25,874.84 points and overall Europe was mostly moderately down. In the USA, however, the most important indices each rose by a little more than half a percent.
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.
