Ahead of the US interest rate decision on Wednesday evening, investors on the German stock market adopted a wait-and-see attitude. While the DAX initially did not find a clear direction, it slipped a little more clearly into the red in the afternoon, the closer the Fed’s decision that evening came. The German inflation data published in the afternoon had little overall impact.
Ahead of the US interest rate decision on Wednesday evening, investors on the German stock market adopted a wait-and-see attitude. While the DAX initially did not find a clear direction, it slipped a little more clearly into the red in the afternoon, the closer the Fed’s decision that evening came. The German inflation data published in the afternoon had little overall impact.
The DAX closed 0.40 percent lower at 16,903.76 points. As on the previous day, the 17,000 points that the leading index was able to barely exceed for the first time in December were too high a hurdle over the course of the day. Once again the Dax turned a few points below. The MDax fell by 0.21 percent to 25,959.00 points.
Market players hope that the interest rate decision in the evening will provide information about the Fed’s further monetary policy path. The questions hotly debated on the financial markets are when the US monetary authorities will lower interest rates for the first time in a long time and how many interest rate cuts there will be this year.
“As high as the expectations of companies are in the current reporting season, so are the expectations of monetary policy to turn hopes of interest rate cuts into facts as early as possible in the course of the year,” noted capital market strategist Jürgen Molnar from Robomarkets.
Source: Stern
