Dusseldorf The price gains continue on the German stock market: At the close of trading on Wednesday, the Dax was up 1.5 percent at 16,023 points, the daily high was 16,044 points. Already on Tuesday it had increased by 0.8 percent.
After the first gains in the morning, the surprisingly low US inflation rate published at 2.30 p.m. proved to be an additional stimulus. Within a few minutes, the leading index rose by a further 80 points. The gains then continued.
The inflation rate for June in the USA has fallen significantly. Consumer prices rose by three percent compared to the previous year.
Portfolio manager Thomas Altmann comments: “This is the longed-for liberation. The Fed will take today’s data as confirmation of its course.” For the first time since the end of 2021, the core inflation rate is below five percent. “Now the stock market traders can hope that the Fed will only turn the interest rate screw once more.”
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