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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...

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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