US tailwind drives Dax to new interim high
With a tailwind from the USA, the DAX rose above 16,000 points again on Wednesday. Shortly after the start of trading, the leading German index also reached a new interim high since August. The previous day, fresh optimism about interest rate cuts had given the US stock markets a small boost. This was triggered by statements made by Christopher Waller, a member of the Fed's Board of Governors.
Ahead of consumer price data from Germany in the early afternoon, the Dax rose by 0.39% to 16,054.54 points. The MDax of medium-sized companies rose by 0.47 percent to 26,128.32 points. The eurozone index EuroStoxx 50 gained 0.26 percent to 4,359.29 points.
The DAX, being the leading German stock exchange, was driven by a tailwind from the USA to surpass 16,000 points once more. This occurred on Wednesday, shortly after trading commenced, and marked a new interim high for the index since August. Interestingly, the previous day saw US stock markets receive a minor boost from optimism about potential interest rate cuts, instigated by remarks from Fed member Christopher Waller. Additionally, Frankfurt's SDAX, a stock exchange segment focusing on small and midcap German shares, also participated in the upswing, with a rise of 0.47%.
Source: www.dpa.com
