US interest rate signals to suit investors’ taste drove the Dax to further record highs on Thursday. The leading German index ended Xetra trading with an increase of 0.91 percent to 18,179.25 points. The hunt for records also continued on the New York stock exchanges.
US interest rate signals to suit investors’ taste drove the Dax to further record highs on Thursday. The leading German index ended Xetra trading with an increase of 0.91 percent to 18,179.25 points. The hunt for records also continued on the New York stock exchanges.
The MDax rose by 0.79 percent to 26,473.05 points. However, the index of medium-sized German companies cannot keep up with the record run of the Dax. The record for the MDax dates from 2021 and is around 10,000 points above the current price.
As expected, the US Federal Reserve Bank stuck to the current key interest rates the day before, but is still holding out the prospect of cuts this year. The central bank also predicted significantly higher economic growth this year than expected three months ago. The Fed has presented the markets with an ideal scenario of high growth rates and interest rate cuts – “what more could you want?” wrote the experts at Index Radar.
A number of companies in this country presented annual figures on Thursday. These mostly confirmed key data that had already been published.
Douglas also returned to the stock market, but was disappointing. At a price of just over 23 euros at the close of trading, the perfumery chain’s shares were more than eleven percent below the issue price of 26 euros. Analyst Jochen Stanzl from the broker CMC Markets highlighted as a negative influencing factor that negative news from the Gucci group Kering was broadcast on the tickers on the day before the IPO, which had a negative impact on the entire luxury and premium segment on the stock exchange.
Source: Stern
