Concerns about interest rates and thus also about the economy continue to dominate events on the German stock market. Major indices fell on Thursday while bond market yields rose. The minutes of the US Federal Reserve’s meeting, which were published the evening before, revealed that the door remains open for further interest rate hikes.
Concerns about interest rates and thus also about the economy continue to dominate events on the German stock market. Major indices fell on Thursday while bond market yields rose. The minutes of the US Federal Reserve’s meeting, which were published the evening before, revealed that the door remains open for further interest rate hikes.
The local leading index Dax was down 0.12 percent at 15,770.91 points in the early afternoon after falling to the level of mid-July in early trading. The MDax for medium-sized companies fell by 0.66 percent to 27,633.34 points. The Eurozone leading barometer EuroStoxx 50 lost 0.42 percent.
The euro was last traded at $1.0906. The European Central Bank had fixed the reference rate on Wednesday at 1.0916 (Tuesday: 1.0926) dollars. The dollar thus cost 0.9161 (0.9152) euros. On the bond market, the current yield rose from 2.67 percent on the previous day to 2.70 percent. The Rex pension index fell by 0.22 percent to 123.33 points. The Bund future fell by 0.14 percent to 130.74 points.
Source: Stern
