After the ECB decision, the Dax recorded its biggest daily loss in six months.
(Photo: dpa)
Frankfurt, Dusseldorf The development of the past few days has summarized the dramas on the financial markets this year as if under a magnifying glass: With inflation data and interest rate decisions by the US Federal Reserve and the European Central Bank (ECB), the key price drivers of the year were pending.
US inflation data on Tuesday surprised markets to the upside. In November, consumer prices rose by 7.1 percent year-on-year for the fifth time in a row, less significantly than in the previous month and fell short of expectations for the second time. But the Fed and ECB put a damper on markets on Wednesday and Thursday.
As expected, the central banks did not raise the key interest rate by 0.75, but “only” by 0.5 percentage points. But they also made it clear that interest rates will continue to rise – and interest rate cuts are far from on the agenda. What does this mean for stocks, bonds, forex and gold? An overview of the different asset classes.
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