Dax gives in – professional investors remain skeptical

Dusseldorf The leading German index slipped slightly after stable trading at the start. In the morning, the Dax was listed at 15,536 points, a drop of 0.6 percent compared to the previous day’s closing price.

The leading German index is thus approaching the low point again, which it reached after the speech by US Federal Reserve Chairman Jerome Powell. With his announcement that he would speed up the rate hikes, Powell caused the Dax to slip around 200 points.

>> Read here: Powell’s Painful Message for Investors – The specter of recession is hovering

Despite the slight losses, the German stock exchange barometer is surprisingly robust in the face of negative news, especially when it comes to interest rate developments. In fact, two-year interest rates, which are particularly sensitive to changes in monetary policy, have reached multi-year highs.

The two-year US Treasury bond rose to 5.08 percent, the highest in the past 16 years. The two-year federal bond also reached its highest level since 2008 at 3.38 percent on Thursday.

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