FRANKFURT (dpa-AFX) – In the Dax (DAX 40) profits also beckon on Wednesday: The broker IG appraised the leading German index around two hours before the Xetra start 0.5 percent higher to 15,705 points after it had already been on Monday and Tuesday was able to increase by a total of almost two percent. On Wall Street, the dynamic recovery had continued the previous evening.
“The euphoria is back on the floor,” emphasized portfolio manager Thomas Altmann from QC Partners. “The positive course of the reporting season currently weighs heavier than the turnaround in interest rates and the Ukraine conflict. Corporate profits are the stock market’s classic fuel.”
The turnaround in interest rates could not dampen the mood at the moment, even if interest rates quietly and secretly continued to rise. In the case of federal bonds with a two-year term, which the central bank also pays particular attention to, they are now as high as they were last in 2016, according to Altmann./ag/jha/