Supported by strong gains on the US stock markets, the Dax got off to a good start on Friday. New hopes of a pause in the US Federal Reserve’s interest rate hike cycle had fueled prices on the other side of the Atlantic the day before. The best-known Wall Street index, the Dow Jones Industrial, had surpassed the 34,000 mark for the first time in two months. However, the interest-sensitive technology stocks went up particularly significantly.
Supported by strong gains on the US stock markets, the Dax got off to a good start on Friday. New hopes of a pause in the US Federal Reserve’s interest rate hike cycle had fueled prices on the other side of the Atlantic the day before. The best-known Wall Street index, the Dow Jones Industrial, had surpassed the 34,000 mark for the first time in two months. However, the interest-sensitive technology stocks went up particularly significantly.
The leading German index gained 0.30 percent to 15,776.36 points shortly after the stock market opened on Friday morning. It is now the fifth trading day in a row with profits. An increase of 1.1 percent is currently emerging for the shortened trading week after Easter. The MDax of medium-sized stock market stocks rose by 0.57 percent to 27,718.49 points in the morning. The Eurozone leading index EuroStoxx 50 gained 0.17 percent to 4370.87 points.
Source: Stern
