The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt The German stock market is more stable again after the significant losses on Wednesday. On Thursday afternoon, the Dax was up 0.6 percent at 14,230 points. However, investors are still looking downwards. The day before, the Frankfurt stock exchange barometer had already slipped to 14,027 points – the lowest level since March 15th.
Monetary policy in particular is currently depressing the mood: the minutes of the March meeting of the US Federal Reserve published on Wednesday evening show that the monetary authorities want to quickly reduce their total assets, which were massively expanded during the corona pandemic. This deprives the market of liquidity.
In addition, many members spoke out in favor of a quick rate hike of 0.5 percentage points. The reason for this tightening of monetary policy is the high level of inflation. In February, consumer prices in the US rose by 7.9 percent compared to the same month last year.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further