Dusseldorf The fight for the 200-day moving average is probably over on the German stock market. Lower than expected US inflation caused the Dax to jump by 360 points. The leading index is currently at 14,030 points, an increase of 2.7 percent or the equivalent of 363 points.
With the significant rise above the average line, which is at 13,609 points, the change in trend on the stock market has been completed – from a bear market rally to a sustained upward trend.
The high inflationary pressure in the US is falling more than expected. Goods and services inflation fell to 7.7 percent in October from 8.2 percent in September. Experts had expected 8.0 percent. It is already the fourth decline in a row and fuels hopes that inflation may have peaked. Nevertheless, the inflation rate is still almost four times higher than the Fed’s target.
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