The DAX is trending lighter on Thursday. After the Fed’s interest rate decision in the middle of the week, investors are increasingly focusing on the accounting season.
The DAX began Thursday’s session with a discount of 0.51 percent at 24,697.38 points. As it progresses, it moves further below the zero line and increases its losses.
The last DAX record
On January 13th, the DAX reached an all-time high of 25,507.79 points, exceeding the 25,500 point threshold for the first time in its history. Ultimately, it ended the day at 25,420.66 points, which was a new record based on the closing price.
Fed interest rate decision and reporting season in focus
The DAX fell on Thursday, mainly affected by massive losses in the heavyweight SAP share. The software company was disappointed with its quarterly figures and outlook. The US Federal Reserve meeting the previous evening left investors cold, however, as the Fed left the key interest rate unchanged as expected. The focus here continues to be on the independence of the Fed, which must defend itself from attacks by US President Donald Trump.
Editorial team finanzen.net / dpa-AFX
