As the previous day, the German stock market is faithful before the weekend. The record stands on Wall Street did not seem to crest yesterday.
The DAX opened the last trading day of the week 0.27 percent in plus 23,767.34 points. Then he falls back to the zero line and temporarily on red terrain.
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.
US exchanges again with record hunt
So far, the DAX has settled up 0.4 percent from its weak monthly start. He was commuting around his 100-day average line. This yardstick for the long -term trend now provides resistance in the area of 23,800 points.
Meanwhile, the important US indices are all on record hunt – driven by interest hopes. In the meantime, even a large interest rate from the US Federal Reserve seems to be possible by 0.5 percentage points. However, it is considered that the Fed will reduce its interest in the coming week to boost the economy.
Meanwhile, the ECB had left the key interest in the euro area unchanged the day before. The deposit rate important for banks and savers remains 2.0 percent. Analysts and economists had expected this decision.
Inflation data in the context of expectations
Fresh inflation data from Germany failed as expected and should give little impulses. Consumer prices rose by 2.2 percent in August for the corresponding month of the previous year.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires