At the beginning of a week filled with economic data, investors on the German stock market dared to make some headway. The leading index DAX ultimately rose by 0.73 percent to 15,345 points. The highest level since mid-October of 15,364 points reached last week remains within reach. The MDax of medium-sized companies closed 0.47 percent higher at 25,410 points on Monday.
At the beginning of a week filled with economic data, investors on the German stock market dared to make some headway. The leading index DAX ultimately rose by 0.73 percent to 15,345 points. The highest level since mid-October of 15,364 points reached last week remains within reach. The MDax of medium-sized companies closed 0.47 percent higher at 25,410 points on Monday.
Market participants this week are focusing on US consumer prices, which will be published on Tuesday. If the inflation rate falls, this would indicate a pause in interest rates by the US Federal Reserve on December 13th, wrote analyst Christian Henke from Handelshaus IG. The Fed’s last regular interest rate decision this year will take place on this day. If inflation falls, interest rate optimism could increase again and boost the German benchmark index, Henke continued.
Source: Stern
