Frankfurt's Stock Exchange - US data lifts Dax index
The recent rebound on Wall Street on Monday is primarily due to the positive momentum. Previously, worries over profitability associated with the artificial intelligence (AI) frenzy had pushed the S&P 500 to a three-week low on Friday. However, despite this setback, the broad index managed to close with a clear gain. The Nasdaq indices also showed signs of regaining their lost value towards the end of the week.
Looking ahead to the week in the DAX, the decision on interest rates by the European Central Bank (ECB) on Thursday is expected to play a significant role. Experts speculate that, after their battle with high inflation since mid-2022, the central bank might finally decide to increase interest rates for the first time. Some investors have recently expressed concerns about the rate hike trend in Europe and the US, potentially halting the DAX's rally.
