Stock exchange in Frankfurt - Dax just in the red after early record
The DAX raised its record to 16,837 points on Tuesday. However, there was no new impetus towards the 17,000 points mark. At the end of the day, the Dax was down just 0.13% at 16,773.02 points. The year-end rally since the low in October now amounts to almost 15 percent. In 2023, the leading index has even gained 20.5% so far.
The MDax has some catching up to do in this respect; it also fell slightly to 26,577.76 points on Tuesday. The eurozone index EuroStoxx recently stagnated at the previous day's level, while there was also little movement on the US stock markets.
On Tuesday, it was reported that the economic expectations of German financial experts improved in December for the fifth month in a row. More important for investors, however, were the US consumer prices, which could have a signal effect on the monetary policy course. As expected, inflation in the USA weakened again slightly in November to 3.1%. The core inflation rate remained at 4.0%. The Fed pays particular attention to the core rate.
The Fed's interest rate decision on Wednesday is now being watched with anticipation, as falling inflation could increase the scope for monetary policy.
The euro rose on Tuesday, last trading at 1.0795 US dollars. The European Central Bank (ECB) had set the reference rate at 1.0757 dollars on Monday afternoon.
On the bond market, the current yield fell from 2.28 percent the previous day to 2.25 percent. Conversely, the bond index Rex rose by 0.13 percent to 126.68 points. The Bund future rose by 0.16 percent to 135.05 points.
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The German stock exchange in Frankfurt, specifically the MDAX, failed to match the Dax's record-breaking performance, closing slightly lower on Tuesday. This comes as central banks around the world, including the Federal Reserve in Frankfurt on the Main, closely monitor global inflation rates, such as the recent decrease in US inflation to 3.1%. Despite this, the Frankfurt stock exchange remains a significant player in the global market.
Source: www.stern.de
