Dusseldorf The German stock market is surprisingly robust. Despite losses on the US markets and a high inflation rate, the Dax is up 0.6 percent in the afternoon and is trading at 15,450 points.
Because it is still too early to give the all-clear on the inflation front. The provisional inflation rate in Germany for February is 8.7 percent, up 0.8 percent on the previous month. This is exactly what the economists surveyed by the Reuters news agency had expected. assumed that the inflation rate would remain at 8.7 percent in February.
Michael Heise, chief economist at HQ Trust, is therefore certain: “The high inflation in Germany, but also in other countries in Europe, should seal the next interest rate hike of 50 basis points, which has already been announced in principle”.
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