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Frankfurt Stock Exchange: Dax lethargy continues before US interest rate decision

Frankfurt Stock Exchange: Dax lethargy continues before US interest rate decision

The Dax initially presented itself without momentum on Wednesday. Not far from the record high and before the US Federal Reserve’s interest rate decision, investors continued to shy away from taking a clear position. In the first hour of trading, the leading German index lost 0.14 percent to 17,962.44 points. This means that it remained within the narrow range of the past trading days – the 18,000 point mark once again proved to be a high hurdle. Just above this is the record mark reached on Thursday at 18,039 points. The MDax of medium-sized companies fell by 0.62 percent to 26,084.33 points on Wednesday morning. The Eurozone leading index EuroStoxx 50 fell by 0.5 percent.

The Dax initially presented itself without momentum on Wednesday. Not far from the record high and before the US Federal Reserve’s interest rate decision, investors continued to shy away from taking a clear position. In the first hour of trading, the leading German index lost 0.14 percent to 17,962.44 points. This means that it remained within the narrow range of the past trading days – the 18,000 point mark once again proved to be a high hurdle. Just above this is the record mark reached on Thursday at 18,039 points. The MDax of medium-sized companies fell by 0.62 percent to 26,084.33 points on Wednesday morning. The Eurozone leading index EuroStoxx 50 fell by 0.5 percent.

Central Bank Week continues this evening in the USA. The Fed is unlikely to change its key interest rates yet. However, investors are hoping for indications as to when the first cut can be expected and, above all, how much the central bankers will increase interest rates over the course of the year. Financial markets continue to expect that the Fed could cut interest rates in June. However, doubts have recently grown. After all, price increases in the USA had unexpectedly accelerated recently.

Source: Stern

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