The Dax held its ground on Wednesday before the US Federal Reserve’s interest rate decision. At the close of trading, the leading German index was 0.14 percent above the previous day’s level at 15,216.19 points. The MDax, on the other hand, fell by 0.57 percent to 26,864.77 points. The Dax could not keep larger profits from the midday trade and crumbled in late trading in line with the Dow Jones index. After the recent banking turbulence, economists expect the US Federal Reserve to raise interest rates slightly by 0.25 percentage points.
The Dax held its ground on Wednesday before the US Federal Reserve’s interest rate decision. At the close of trading, the leading German index was 0.14 percent above the previous day’s level at 15,216.19 points. The MDax, on the other hand, fell by 0.57 percent to 26,864.77 points. The Dax could not keep larger profits from the midday trade and crumbled in late trading in line with the Dow Jones index. After the recent banking turbulence, economists expect the US Federal Reserve to raise interest rates slightly by 0.25 percentage points.
Source: Stern
