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Frankfurt Stock Exchange: New Dax interim high with US tailwind

Frankfurt Stock Exchange: New Dax interim high with US tailwind

With tailwind from the USA, the Dax rose over 16,000 points on Wednesday. Fresh optimism about interest rate cuts had given the US stock markets a boost the day before. The trigger was statements by Christopher Waller, a member of the board of directors of the US Federal Reserve, which encouraged investors in their hopes of interest rate cuts.

With tailwind from the USA, the Dax rose over 16,000 points on Wednesday. Fresh optimism about interest rate cuts had given the US stock markets a boost the day before. The trigger was statements by Christopher Waller, a member of the board of directors of the US Federal Reserve, which encouraged investors in their hopes of interest rate cuts.

Ahead of the consumer price data from Germany in the early afternoon, the leading German index rose by 0.67 percent to 16,099.59 points. This means it reached its highest level since the beginning of August. The MDax for medium-sized companies rose by 0.79 percent to 26,213.66 points. The Eurozone index EuroStoxx 50 gained 0.46 percent to 4367.86 points.

The Dax reached its record high at the end of July at just under 16,530 points. Since the interim low in October, the German stock market barometer had been rising for around four weeks and has now recovered by around ten percent.

There is also optimism regarding the price data from Germany after the first signals from North Rhine-Westphalia. Inflation in the most populous federal state fell to its lowest level in more than two years in November. Inflation data from the euro countries and the USA are also due on Thursday.

Among the individual values, Aroundtown stood out from the SDax with minus 6.0 percent according to nine-month figures. The Board of Directors confirmed its forecast for the operating result, which it had raised in the first half of the year. Meanwhile, Borussia Dortmund’s shares rose 8.2 percent to the top of the SDax. The Bundesliga club mastered the toughest group in the Champions League with flying colors and reached the round of 16 early.

Fraport gained 1.1 percent in the MDax. CEO Stefan Schulte expects dividends to resume next year. “We want to generate positive free cash flow in 2025,” the airport boss told the “Börsen-Zeitung”. Fraport will then be able to pay dividends again.

Source: Stern

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