Dusseldorf The German stock market is on the up again after the turbulent days. At the close of trading on Tuesday, the Dax was at 15,233 points, an increase of 1.8 percent or the equivalent of 273 points. The US consumer prices, which pushed the leading index further up, helped here.
Inflation in the US has fallen to its lowest level since October 2021. Compared to the same month last year, prices in February rose by 6.0 percent after 6.4 percent in January. Analysts polled by the Reuters news agency had exactly expected this decline.
This significant fall in inflation gives the US Federal Reserve more leeway to slow interest rates or even end hikes quickly. Ralfcircul from the Landesbank Helaba considers the risk of missteps in the forthcoming interest rate hikes by the US central bank to be very high. “The most likely scenario is probably a 25 basis point hike, although this is currently not fully discounted,” says the analyst.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further