FRANKFURT (dpa-AFX) – According to the interest rate signals from the US Federal Reserve, the 25,000 point mark remains the pivotal point for the DAX on Thursday. With robust guidance from Asia behind it, the German leading index started trading solidly, although the American monetary authorities prepared the market for higher interest rates. There are also signs of stabilization on the New York stock exchanges after their losses the previous day.
In early trading, the Dax was able to slightly exceed the 25,000 mark. Most recently, the leading index gained 0.2 percent to 24,991 points. In doing so, he claimed a buffer to the 21-day line, which has been tested repeatedly so far in June. However, the MDAX with the medium-sized German stocks fell by 0.4 percent to 32,721 points. On the European stage, the EuroStoxx 50 continued its record rally. In contrast, the Dax still has some way to go to its record of 25,507 points.
Under the leadership of new Chairman Kevin Warsh, the US Federal Reserve did not implement the interest rate cuts demanded by US President Trump, but rather gave signals of tightening. In Japan and South Korea, “buyers immediately returned,” said a dealer that morning. There was also some relief that US President Donald Trump and Iranian President Massoud Peseschkian signed their framework agreement. According to the mediating state of Pakistan, it comes into force with “immediate effect”./tih/stk