The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf A day later, the rate hike by the US Federal Reserve is viewed completely differently on the markets. Until midday on Thursday (Central European Time), investors were happy that interest rates would not rise by 75 basis points in the foreseeable future.
But now investors no longer trust the US Federal Reserve that it can fight inflation and save the economy from a violent crash at the same time. Thomas Altmann from the investment house QC Partners is certain: “Among stockbrokers it is taken for granted that the Fed will give priority to combating inflation”. The result was a simultaneous sell-off in the stock and bond markets. However, and this is good news, this sell-off in stocks and bonds at the start of trading on Friday is not continuing unabated.
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