Hopes that inflation will ease further have given the German stock market a boost. After a day’s breather, the leading German index Dax passed the 14,900 point mark on Wednesday morning and has now reached its highest level since February 2022.
Hopes that inflation will ease further have given the German stock market a boost. After a day’s breather, the leading German index Dax passed the 14,900 point mark on Wednesday morning and has now reached its highest level since February 2022.
By early afternoon, the Dax had risen by 1.05 percent to 14,929.51 points. The MDax for medium-sized companies rose by 1.80 percent to 27,877.28 points. The Eurozone leading index EuroStoxx 50 gained 1.11 percent.
Across Europe, real estate values in particular, which came under heavy pressure in 2022, benefited from the prospect of a somewhat less harsh stance on the part of the central banks if inflation were to actually lose further momentum. In this case, interest rates are likely to come under increased pressure, which will make it easier to refinance real estate. In Germany, Vonovia gained 6.7 percent and TAG Immobilien 8.5 percent.
In the Dax, Siemens Energy shares rose by a good six percent. The energy technology group received an order worth billions for the connection of wind farms in the German North Sea.
The euro was last listed at 1.0748 US dollars. The European Central Bank set the reference rate at $1.0723 (Monday: $1.0696) on Tuesday. The dollar thus cost 0.9326 (0.9349) euros. On the bond market, the current yield fell from 2.28 percent on the previous day to 2.25 percent. The Rex pension index rose by 0.22 percent to 126.12 points. The Bund future gained 0.56 percent to 137.26 points.
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.
