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.
Read also:
- Why there is still no EU funding for green Saar steel
- 3 billion Saar Fund is unconstitutional
- Politicians at a loss after shock news
- Court of Auditors criticizes the state government's debt plan
Source: www.stern.de
