Dusseldorf There is an early year-end rally on the German stock market. The Dax climbed to a new record high with 16,050 points at the start on Thursday. The old one was 16,030. At noon, the Frankfurt stock exchange barometer was 0.5 percent higher at 16,043 points. Yesterday, Wednesday, the leading index closed almost unchanged at 15,960 points.
The basis for the new price jump was laid by the US Federal Reserve (Fed), which has started its turnaround in monetary policy. That was what was expected, now the uncertainty is out of the market. At the same time, Fed Chairman Jerome Powell dampened speculation that an interest rate hike was imminent. “The tapering begins – the interest rate turnaround will not happen for the time being,” summarize the Commerzbank analysts.
Now it will be exciting to see whether the Dax can sustainably overcome the 16,000 mark. That would be the case with a quotation at the close of trading well above 16,000 points.
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