After recent slight losses, the DAX rose moderately on Tuesday. In the first minutes of trading, the leading German index rose by 0.29 percent to 17,798.29 points. The index of medium-sized companies, the MDax, gained 0.50 percent to 26,167.27 points. The Eurozone leading index EuroStoxx 50 advanced by 0.38 percent to 4949.19 points.
After recent slight losses, the DAX rose moderately on Tuesday. In the first minutes of trading, the leading German index rose by 0.29 percent to 17,798.29 points. The index of medium-sized companies, the MDax, gained 0.50 percent to 26,167.27 points. The Eurozone leading index EuroStoxx 50 advanced by 0.38 percent to 4949.19 points.
SAP’s competitor Oracle, which presented its quarterly report after trading the evening before, ensures a good mood. At the same time, there is also caution, because the US inflation data for February is on the agenda in the afternoon. They are one of the key influencing factors on which the US Federal Reserve Bank bases its monetary policy decisions.
“Investors and analysts assume that inflation remained stubbornly high in February,” writes portfolio manager Thomas Altmann from QC Partners with a view to the US inflation rate. According to him, however, the expected increase in consumer prices of 0.4 percent month-on-month and 3.1 percent year-on-year will continue to leave the question of when the Fed could begin with the hoped-for interest rate cuts unanswered. “Even if the stock markets would certainly continue to speculate on June.”
However, if inflation were to be higher, this would have the potential to postpone the expected first cut, while lower inflation would make a first interest rate hike in June even more likely.
Source: Stern
