The German stock market has presented itself in good early form ahead of the upcoming Fed interest rate decision and current US inflation figures. The DAX rose by 0.37 percent to 18,438.27 points in the first few minutes of trading. The day before, the uncertainty following the European elections had temporarily pushed the German leading index to a five-week low. The MDax with the medium-sized stocks gained 0.07 percent to 26,475.63 points in the middle of the week. The EuroStoxx 50, the leading index for the eurozone, rose by around 0.3 percent.
With regard to the decision due this evening, it is expected that the US Federal Reserve will leave the key interest rate unchanged in a range between 5.25 percent and 5.50 percent. However, the central bank’s statement on the interest rate decision and the subsequent press conference by Fed Chairman Jerome Powell could provide clues about future interest rate policy and a first interest rate cut – as could the US inflation data due this afternoon.
Source: Stern
