Dax rises towards rally high – foreign exchange market speculates on a significant drop in inflation

Dusseldorf Surprisingly, the German stock market continued to rise at the end of the week. The Dax was up 0.3 percent in the morning at 14,539 points. This means that the leading German index is only a good 30 points away from its rally high. It comes as a surprise that investors are willing to take more risk ahead of the 2.30pm US jobs data release.

Because the previous trading week and especially yesterday showed how difficult it was for the Dax to break the 14,500 point mark. Since Monday of the past few weeks, the leading index has been listed in a range of comparatively low 250 points. On the upper side it ended at 14,571 points, below the mark of 14,321 points.

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