Dusseldorf The leading German index, the Dax, is currently unimpressed by the rising interest rates in the euro zone. On Friday, the Frankfurt stock exchange barometer was up 0.1 percent in the first hour of trading at 16,302 points. It is close to the record high of 16,336 points set on Wednesday.
On Thursday, the European Central Bank (ECB) raised its key interest rate to 4.00 percent for the eighth time in a row. ECB President Christine Lagarde also indicated at least one further rate hike. This intensifies the already prevailing economic concerns, since rising interest rates are tending to reduce investments and consumption.
The Dax then fell to a daily low, but then recovered significantly and closed with a minus of only 0.1 percent. The closing price (16,290 points) was even higher than the first price of the day (16,276 points).
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