Dusseldorf The leading German index continues to stabilize and remains above the 15,600 point mark. In the first hour of trading, the Dax was listed at 15,623 points and thus unchanged compared to the previous day’s closing price.
The leading German index has thus made up for its losses after the speech by US Federal Reserve Chairman Jerome Powell. With his announcement that he would speed up interest rate hikes, he caused the leading index to slip by around 200 points.
The German stock exchange barometer is surprisingly robust in the face of negative news, especially when it comes to interest rate developments. Two-year interest rates, which react particularly sensitively to changes in monetary policy, have reached multi-year highs. The two-year US Treasury bond rose to 5.08 percent, the highest in the past 16 years. The two-year federal bond also reached its highest level since 2008 at 3.38 percent on Thursday.
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