Stock exchange in Frankfurt - ECB runs into the parade of the DAX record rally
The European Central Bank got in the way of the DAX on its record-breaking run. Unlike the US Federal Reserve, there were no clear signals from the European monetary authorities that interest rates would be cut soon. After jumping above the 17,000-point mark for the first time, this hampered the initially unleashed investors over the course of the day. The leading index ended the day 0.08 percent lower at 16,752.23 points. At its peak, it rose to 17,003 points. In contrast, the MDax rose by 2.92 percent to 27,198.24 points.
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- Despite the record-breaking rally of the DAX in Frankfurt, the European Central Bank did not provide any indications of imminent interest rate cuts, similar to the US Central Bank.
- The MDAX, which is also traded on the Frankfurt Stock Exchange, showed a significant increase, climbing by 2.92% to 27,198.24 points.
- The DAX, Germany's leading stock index, reached a new height of 17,000 points but was subsequently affected by this absence of clear monetary policies, causing investors to reconsider their positions.
- Frankfurt on the Main, host to the Frankfurt Stock Exchange, witnessed a transverse impact on the investment market due to the ECB's decision, hindering the initial foray of investors.
- The record hunt for the DAX was momentarily stalled as the European Central Bank's stance remained elusive, deviating from the norms set by the US Central Bank.
Source: www.stern.de
