After the course slip on Tuesday, the German leading index was once again undecided on Wednesday before the US Federal Reserve’s decision-making decision.
The DAX opened a little firmer. He kept up until noon, then uncertainty started again and the stock market barometer booked small discounts. Ultimately, the DAX was able to erase this again and close 0.13 percent higher at 23,359.18 points.
All -time high of the DAX
On July 10, the German leading index reached a new record high at 24,639.10 points. So far, the highest closing course in the DAX history is 24,549.56 points.
Fed interest decision throws shadows ahead
The day before, the DAX had broken down from its previous September range and fallen to the deepest level since June. The leading index continued to remove the development on the US exchanges, which had only ended trade with slight losses. Now the investors’ gaze was focused on the US Federal Reserve, which is likely to announce their first interest rate reduction of the year on Wednesday evening. According to Commerzbank, the focus is less at the level of the step, but above all on the signals at the future pace of loosening. The FED must do justice to its double order: ensure price stability and at the same time ensure full employment.
The majority of market participants expect a moderate reduction of 0.25 percentage points. However, a larger step of 0.5 points was recently discussed. “With the figures on yesterday’s US individual sales sales, a strong reduction in key interest rates has become even less likely,” said NordLB experts in the morning.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires