Dusseldorf The German stock market continues its downward trend of the past few days. The Dax fell to 15,810 points on Thursday morning. The leading index was last this low on June 1st. As a result, it’s about 100 points up again.
Once again, concerns about the consequences of further increases in interest rates are proving to be a major burden. US Federal Reserve Chairman Jerome Powell signaled on Tuesday that the Federal Reserve (Fed) should continue to raise interest rates in the US after the interest rate pause recently introduced. The courses on Wall Street reacted with losses – that also depresses the mood in the Dax. In addition, there is a lack of impetus for new price gains.
Powell’s statements are only partially surprising. The Fed had made it clear several times in the past few weeks that a possible interest rate pause would not mean the end of the hike cycle. Powell is speaking before the US Senate Banking Committee on Thursday.
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