Frankfurt As on Thursday, the leading German index Dax fell significantly in early trading and was 0.8 percent weaker at 15,867 points. The leading euro zone index, the EuroStoxx 50, lost 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. The mood on the US markets was divided. The tech-heavy Nasdaq posted larger premiums thanks to price gains at Apple and Amazon. The other indices moved little.
US Federal Reserve Chairman Jerome Powell had earlier dismissed investor speculation of imminent 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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