The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The prelude to two extremely eventful trading days was successful. Stockbrokers are happy about the interest rate decision of the US Federal Reserve, which was published yesterday, Wednesday after the stock market closed in Germany. The Fed’s decisions were at the upper end of the range of expectations. But what counts in the market is that they do not go beyond expectations. The uncertainty is now over.
The Dax rose by 1.5 percent to 15,715 points at noon, an increase of 240 points. On Wednesday yesterday, the German benchmark index closed trading at 15,476 points, 0.2 percent firmer. The Fed’s more aggressive approach to tightening US monetary policy had already given Wall Street a boost on Wednesday.
But investors shouldn’t get excited too soon. The Dax is striving to rise again, but these price gains are not yet a decision for a year-end spurt. Only prices above 15,845 places, last week’s high, would confirm the upward trend on a weekly basis.
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