Leading index faces new trend impulse

Dusseldorf The leading German index is now focused on the 14,500 point mark and climbed 0.3 percent to 14,470 points in the first hour of trading.

The minutes of the last meeting of the US central bank, which were published on Wednesday after the market closed in Germany, meet the high expectations of the stock market traders. Everything points to a slower pace of interest rates from the next December meeting, with interest rate hikes at least in the US coming to an end in six months. Good news for both the stock and bond markets.

Trading turnover at the 40 Dax companies was below average on the first three trading days of this week. Around 50 million pieces changed hands every day, a value between 60 and 70 million papers is usual. This will certainly not change on today’s US Thanksgiving holiday because the stock exchanges on the other side of the Atlantic will remain closed.

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