Dusseldorf By midday trading on the German stock market, the focus was again on the high for the year. But the Dax has now given back its gains and is only trading unchanged at 15,511 points compared to the previous day’s close.
With today’s daily high in the form of 15,634 points, the highest level in this still young stock market year was only 25 points away. However, it would be a surprise if the leading index had passed the 15,658 point mark.
It’s amazing how well the stock market is defying rising interest rates. The yield on a two-year federal bond, which reacts particularly strongly to monetary policy, has reached a new 14-year high of 2.88 percent.
The yield on a ten-year federal bond has also risen by more than 18 percent since February 2 and is currently at 2.461 percent. Because the European Central Bank (ECB) wants to stick to the rate hike course.
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