FRANKFURT (dpa-AFX) – The DAX appears to be on hold ahead of the US key interest rate decision on Wednesday evening. The broker IG estimated the German leading index one point lower at 24,045 points around two and a half hours before the start of Xetra trading on Tuesday.
The day before, the Dax had already remained stationary just above its 50- and 100-day average lines – barometers for the medium and longer-term trend. It did not break out of Friday’s trading range. The volatility on the market had recently decreased significantly.
Now the reluctance before the US Federal Reserve’s key interest rate decision is doing the rest. After a good year so far, in which the DAX is currently up around 21 percent, hardly anyone wants to take big risks. Finally it was fixed again with one Interest rate cut calculated./ag/e.g