Between interest rate decisions by important central banks, the Dax came under pressure on Thursday. The leading index widened its minus in the first few minutes with 15,694.72 points to 0.76 percent. He was thus approaching the lower end of his range of the past few weeks, which had reached a good 16,000 points at the top. The MDax with medium-sized German stocks fell by 0.60 percent to 27,269.08 points on Thursday, and the Eurozone leading index EuroStoxx 50 also fell.
Between interest rate decisions by important central banks, the Dax came under pressure on Thursday. The leading index widened its minus in the first few minutes with 15,694.72 points to 0.76 percent. He was thus approaching the lower end of his range of the past few weeks, which had reached a good 16,000 points at the top. The MDax with medium-sized German stocks fell by 0.60 percent to 27,269.08 points on Thursday, and the Eurozone leading index EuroStoxx 50 also fell.
The previous evening, the US Federal Reserve had raised its key interest rate for the tenth time in a row, but left the further course of monetary policy open. In their statement on the interest rate decision, the currency watchdogs deleted an important passage, according to which further interest rate hikes are to be expected. However, additional increases were not explicitly ruled out either. The US stock indices ended trading at the daily low.
In this country, the daily agenda on Thursday is packed with quarterly reports and economic data. The high point is the interest rate decision by the European Central Bank (ECB) in the early afternoon. It is considered certain that the currency watchdogs in the euro zone will tighten interest rates again.
Source: Stern
