Dusseldorf The German stock market is back in reverse. At the close of trading on Thursday, the Dax was trading at 15,734 points, down 0.5 percent.
The stock market barometer was able to benefit from the interest rate decision by the ECB. As expected, the central bankers increased interest rates by 25 basis points. The Dax had given way in the run-up to the interest rate decision and had slipped to 15,662 points. This was a retest of the short-term resistance area between 15,700 and 15,600 points. After the interest rate decision, however, the Dax went back on a recovery course.
>> Read also: Another interest rate hike, faster balance sheet reduction – these are the most important findings of the ECB meeting
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