Dusseldorf In anticipation of important economic data, investors on the German stock market play it safe and cash in. The Dax is 0.6 percent lower at 15,419 points on Friday afternoon. On Thursday, Europe’s stock markets reached their highest level in around twelve months.
They reacted to the decisions of the US Federal Reserve and the European Central Bank (ECB) with significant price gains. They continued to raise interest rates. However, investors seem to have interpreted some statements by Fed Chair Jerome Powell and his ECB counterpart Christine Lagarde to mean that the current cycle of rate hikes is fading.
However, the positive mood was clouded by weak quarterly figures from the tech companies Apple, Amazon and Alphabet. Stocks are lower again in pre-market US trading.
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