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Economy — News — ECB — Interest rate cut — Frankfurt — Stock exchanges — Eurozone — Dax — Germany — MDAX — Frankfurt am Main

ECB's rate cut lessens Dax's advances

Eurozone's interest rate reduction fails to entice investors on Thursday, as the Dax experiences a decline. The ECB's decision to lower rates did not translate into further gains, as the market recognized that it may not lead to unprecedented heights on the index. Moreover, any hints of...

,   and  Carmen Simpson
1 min read
The Dax is the most important share index in Germany.
The Dax is the most important share index in Germany.

Frankfurt's Stock Exchange - ECB's rate cut lessens Dax's advances

DAX index managed to hold onto a 0.41% rise, ending at 18,652.67 points. This came after the index had climbed more than 1% prior to the interest rate announcement. However, its momentum dropped around 100 points shy of the record high of 18,892 points. The MDax index also slipped slightly, up 0.23% to close at 27,027.80.

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The European Central Bank (ECB) announced an interest rate cut, which could potentially impact Frankfurt's stock exchanges. Despite the DAX index initially gaining more than 1%, its advance was lessened post-announcement, ending at 18,652.67 points. The MDAX index, also based in Frankfurt am Main, experienced a slight decline, closing at 27,027.80. The interest rate cut might influence investment decisions in the Eurozone, including Germany, where both DAX and MDAX are prominent stock indexes.

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