Dusseldorf The German stock market continued its upward trend on Thursday. In the late afternoon, the German share index (Dax) was up one percent at 15,490 points.
The Dax gives back a small part of its gains after the publication of the German inflation figures. 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.
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