The Dax passed the 15,000 point mark on Thursday. The leading German index continued its rally at the beginning of the year and gained 0.53 percent to 15,027.29 points by midday. The stock market barometer is currently at the level of the end of February. Since the beginning of the year, the Dax has now risen by around 8 percent.
The Dax passed the 15,000 point mark on Thursday. The leading German index continued its rally at the beginning of the year and gained 0.53 percent to 15,027.29 points by midday. The stock market barometer is currently at the level of the end of February. Since the beginning of the year, the Dax has now risen by around 8 percent.
The MDax for medium-sized German companies rose by 0.67 percent to 27,962.35 points on Thursday. The EuroStoxx 50, the leading index in the eurozone, gained half a percent.
The stock market was boosted recently by easing concerns about further sharp rises in interest rates, as inflationary pressure seems to be easing. In Europe, investors are encouraged by falling gas prices. In the USA, the recent significant interest rate hikes by the Fed seem to be having an effect. Yields tend to fall in the bond market.
However, the afternoon could show whether the recent rally has feet of clay or whether it will continue. Then, with the US consumer prices for December, an important signal for the further course of the Fed will be published.
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.
