Stock exchange in Frankfurt - Dax closes slightly in the red
The DAX remained just below its recent record high today ahead of the Fed' s interest rate decision. After reaching a high for the day of 16,836 points, the leading index closed at 16,766.05 points, 0.15 percent down on the previous day's close. As in 2023 as a whole, it again outperformed the MDax on Wednesday. The index of medium-sized German stocks fell by 0.58% to 26,427.65 points. While the Dax is defending an annual gain of more than 20 percent, the MDax 2023 has only gained a good five percent so far.
The rise in producer prices in the US weakened somewhat more than expected in November, but this did not provide any fresh impetus ahead of the interest rate decision. At its last interest rate meeting of the year, the Fed is likely to remain silent on monetary policy once again. Market observers are paying particular attention to what signals the monetary watchdogs headed by Jerome Powell will send out for the coming year.
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- Despite the US central bank's expected silence on monetary policy during its interest rate decision in Frankfurt, the leading index in Germany, the DAX, continued to maintain its position just below a record high.
- The Fed's interest rate decision in Frankfurt may not provide any significant changes to monetary policy, but market analysts are closely watching for any indications from Jerome Powell and his team regarding the future monetary stance.
- The Frankfurt Stock Exchange, home to the DAX and MDAX indices, experienced a slight decline in the DAX and a more substantial drop in the MDAX, although both indices continue to exhibit positive annual performance.
- Trading in shares on the Frankfurt Stock Exchange today saw the DAX index reach a high of 16,836 points before closing 0.15 percent lower, while the MDAX index dropped by 0.58 percent, leaving it at a 2023 gain of just over five percent.
- Despite the current strong performance of the DAX, which is defending a yearly gain over 20 percent, the Frankfurt on the Main-traded MDAX index remains slightly behind, with a record high that has yet to be matched by a similar performance in other exchanges like the US Central Bank or Frankfurt.
Source: www.stern.de
