After the DAX was initially able to grow significantly on Thursday, investors were careful in the course of the trade after the ECB’s interest rate decision.
At the start of the trade, the DAX was 1.08 percent in plus 24,502.99 points. In the further course, the stock market barometer kept on green terrain, but the profits became smaller. After the interest decision, he even fell back to the zero line. Ultimately, however, he went 0.23 percent firm to the end of the day at 24,295.93 points.
Dax record
It was only on July 10 that the leading index had reached a new all -time high at 24,639.10 points. So far, the final record is 24,549.56 points.
ECB, tariffs, balance sheets and economic data – schedule full
In view of the abundance of information with quarterly figures, the interest decision at the European Central Bank (ECB), new shopping manager indices and at the same time hope for a customs deal with the USA, the stock exchanges focus on the customs topic. Reports indicate a 15 percent tariff for the EU, similar to Japan. After US President Donald Trump had frightened the stock exchanges with threatened 30 percent in the previous week, this should ensure relief.
ECB keeps the feet still
As was expected in advance, the European Central Bank did not turn the interest screw. Most recently, the deposit rate was reduced to 2.00 percent in June and is therefore already at current level of inflation.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires