Investors on the German stock market remain on the lookout ahead of a hearing by US Federal Reserve Chairman Jerome Powell before the US Congress. The German leading index Dax barely moved until midday and was recently 0.02 percent higher at 17,701.53 points. The MDax of medium-sized companies also rose moderately by 0.10 percent to 26,022.18 points, while on the European stage the Eurozone leading index EuroStoxx 50 rose by 0.29 percent to 4907.24 points.
Investors on the German stock market remain on the lookout ahead of a hearing by US Federal Reserve Chairman Jerome Powell before the US Congress. The German leading index Dax barely moved until midday and was recently 0.02 percent higher at 17,701.53 points. The MDax of medium-sized companies also rose moderately by 0.10 percent to 26,022.18 points, while on the European stage the Eurozone leading index EuroStoxx 50 rose by 0.29 percent to 4907.24 points.
After an impressive winning streak with seven record highs in a row, the leading German index has not budged so far this week. Investors are currently holding back in view of the European Central Bank’s key interest rate decision on Thursday. Before that, the stage belongs to Jerome Powell in the middle of the week. There is concern among stock market traders that the Fed leader could question the interest rate cut generally expected in the market for June during his appearance before the US Congress.
Source: Stern
