Driven by the hope of interest rate cuts soon, the Dax completed its strongest month on the stock market this year on Thursday. It continued its year-end rally by approaching its record level. At the daily high, he was only 266 points short of the record, which so far was just under 16,529 points from the end of July.
Driven by the hope of interest rate cuts soon, the Dax completed its strongest month on the stock market this year on Thursday. It continued its year-end rally by approaching its record level. At the daily high, he was only 266 points short of the record, which so far was just under 16,529 points from the end of July.
Ultimately, the DAX rose by 0.30 percent to 16,215.43 points on Thursday. This means that in November it gained 9.5 percent, more than in any other month of the current year. However, other German indices from the second and third tiers fell. The MDax lost 0.50 percent to 26,183.42 points.
Inflation data from the euro zone supported what was reported from Germany the day before: inflation is falling more sharply than expected. It is gradually approaching the European Central Bank’s target. When fresh inflation data from the USA roughly met expectations and did not bring any positive surprises, the indices in Frankfurt came back somewhat from their daily highs.
Source: Stern
