Dusseldorf The German stock market continued its upward trend on Thursday. The German share index (Dax) closes 1.3 percent up at 15,522 points.
According to the Federal Statistical Office, the inflation rate fell to 7.4 percent in March from 8.7 percent in February. Investors and analysts fear that the ECB will see falling inflation as a reason for further rate hikes. “Further interest rate hikes will be necessary to get inflation under control,” says Thomas Gitzel, chief economist at VP Bank.
The news about inflation does not change the general upward trend of the Dax on Thursday. The daily high is 15,536 points.
While energy prices, which rose sharply after the Russian attack on Ukraine, were long the drivers of inflation, the increased price level is now pulling up rates across the entire product range. That explains the Deutsche Bundesbank.
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