The stock markets have continued to rise. The leading economic indicators due next week will put the recovery on the stock exchanges to the test.
Frankfurt Crisis? What crisis? Anyone watching what is happening on the stock markets might think that all is right with the world again. The leading German index Dax has risen for seven weeks in a row, gaining a total of more than 2000 points or 18 percent. It ended the week at 14,423 points, its highest level since early June.
Wall Street wasn’t quite as dynamic. But the world’s most important leading index, the S&P 500, has also gained more than ten percent since the beginning of October. There are still more than enough challenges for the economy and companies.
Inflation rates are still worryingly high at 7.7 percent in the US and 10.6 percent in the euro area, the central banks are still on course to raise interest rates, and there are no signs of easing in the war in Ukraine.
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