FRANKFURT (dpa-AFX) – On Thursday, the German stock market is initially looking up ahead of the eagerly awaited US inflation figures. The leading index Dax (DAX 40) gained 0.56 percent to 16,783.43 points a few minutes after the Xetra opening. The specifications from the overseas stock exchanges also helped.
The Dax is now testing the upper price limit of the past few days at just over 16,750 points, which it had only clearly exceeded at the beginning of the year. Above that lies the record high from mid-December at just over 17,000 points.
The MDAX of medium-sized stocks rose by 0.43 percent to 26,360.39 points on the penultimate trading day of the week. The Eurozone leading index EuroStoxx 50 (EURO STOXX 50) rose by around 0.7 percent.
Whether the price gains will last will probably only become clear in the early afternoon, when consumer prices in the USA for December are published. Inflation is considered the most important factor for the labor market alongside the labor market monetary policy the US Federal Reserve and thus for the interest rate level./ajx/mis