Frankfurt As on Thursday, the German leading index Dax fell significantly and was 0.6 percent weaker at 15,889 points by midday. The leading euro zone index, the Euro Stoxx 50, lost almost half a percent.
The stock markets remain in the grip of the central banks: Already on Thursday, the Dax fell below the psychologically important mark of 16,000 points, burdened by interest rate concerns.
US Federal Reserve Chairman Jerome Powell earlier dismissed investor speculation of impending easing at his congressional hearing, saying there could be “maybe two more” rate hikes given this year’s stubborn inflation. There will be no cuts any time soon, Powell said, but only when there is certainty that inflation will drop to the targeted 2 percent.
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