Dusseldorf After three weak trading days, the German stock market is on the up again. The Dax rose by 0.7 percent to 15,430 points in the first hour of trading. This means that only 90 points are missing for a new high for the year, which would be equivalent to a continuation of the 3650-point rally since the end of September and should probably bring new impetus to trading.
With the price gains, the leading German index is following the US stock market indices on Wall Street, which rose after the speeches by US Federal Reserve Chairman Jerome Powell and President Biden yesterday, Tuesday. Quotations on the bond market behaved differently. They gave way, and yields rose accordingly.
A ten-year government bond now brings a yield of 3.65 percent, the low point on Tuesday was 3.60 percent. Even with a ten-year federal bond, this value rose to 2.36 percent from the previous 2.28 percent.
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