Weakened inflation in the USA provided a tailwind for the German stock market on Wednesday. Shortly after the data on US inflation was published, the Dax reached a record high of almost 18,893 points in the afternoon. With an increase of ultimately 0.82 percent to 18,869.36 points, it took a step towards the 19,000 mark. Declining inflation in the USA is a good sign for investors in the stock market because it makes interest rate cuts by the US Federal Reserve more likely.
The MDax gained 0.85 percent to 27,451.38 points on Wednesday. The index, which represents the second German stock market league, reached its highest level in eight months. Only the narrow gains that it has achieved so far in 2024 still indicate that there is a need to catch up compared to the DAX, which has increased its annual increase to 12.6 percent.
Source: Stern
