Stock exchange in Frankfurt - Dax investors pick up again after setback
After the previous day's setback from its record high, the Dax made gains again at the start of Friday morning. In the first few minutes, the leading German index climbed 0.45 percent to 16,826.88 points. The MDax mid-cap index climbed 0.34 percent to 27,291.11 points. The leading eurozone index, the EuroStoxx 50, rose by 0.44 percent.
Fueled by signals from the US Federal Reserve to cut interest rates, the DAX had jumped above the 17,000-point mark for the first time in its history in the first few minutes of trading the previous day. Shortly afterwards, the record chase ran out of steam because the European Central Bank (ECB), unlike the Fed before it, had dampened hopes of lower interest rates in the near future. So far, the DAX's performance in the week to date has been slightly positive. Since the October low, the year-end rally has brought the most important German stock market barometer an increase of around 15 percent.
Another highlight of the week will follow during the course of the day with the "big expiry" on the futures exchanges, which could well cause prices to fluctuate somewhat.
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The Dax, which experienced a setback from its record high at a stock exchange in Frankfurt, saw gains again, climbing 0.45% to 16,826.88 points. This improvement was also observed in the MDAX, as it climbed 0.34% to 27,291.11 points. The EuroStoxx 50, the leading eurozone index, also rose by 0.44%. These gains were partially due to signals from the US central bank indicating potential interest rate cuts. The previous day, the DAX had reached a record high of 17,000 points for the first time in its history at the Frankfurt Stock Exchange, but the record chase slowed down as the ECB did not share the same optimism about lower interest rates in the near future. Despite these fluctuations, the Dax's performance this week has been slightly positive, with a 15% increase since the October low due to the year-end rally. The Frankfurt Stock Exchange is also known for the "big expiry" on its futures exchanges, which could cause prices to fluctuate during the day.
Source: www.stern.de
