Stock exchange in Frankfurt - Dax sets new record ahead of US inflation figures
The DAX immediately set another record on Tuesday. In early trading, the leading index pushed up its best mark to 16,831 points. However, investors remained cautious. Shortly before the upcoming interest rate decisions, they are looking eagerly at US consumer prices on Tuesday.
After setting a record in the opening minutes, the Dax was last 0.19 percent higher at 16,826.34 points. The year-end rally since the low in October now amounts to around 15 percent. In 2023, the Dax has even gained almost 21% so far. The MDax has some catching up to do in this respect: it gained 0.51% to 26,758.40 points on Tuesday. The eurozone index EuroStoxx gained 0.3 percent.
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- Central banks around the world are closely monitoring the financial markets in Frankfurt, as record levels of interest are attracting significant investments to the Frankfurt Stock Exchange.
- Despite Frankfurt's exchange being at a record high, concerns about inflation in Frankfurt on the Main, Germany, and upcoming US interest rate decisions have led investors to remain cautious, keeping the interest in Frankfurt's stock market relatively subdued.
- The strong performance of the DAX, with a record level of 16,831 points, has contributed to Germany's impressive financial gains, making it a leading indicator for other European economies and central banks.
- In contrast to the Dax's impressive gains, the MDax has yet to reach record levels, indicating an opportunity for foreign investors seeking exposure to Frankfurt's Finances to contribute to the city's continued interest rate success and attract capital inflows.
Source: www.stern.de
