Frankfurt Stock Exchange
Dax slightly up
The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen/dpa
© dpa-infocom GmbH
After recent strong price gains, investors on the German stock market initially took it easy on Thursday.
After recent strong price gains, investors on the German stock market initially took it easy on Thursday.
The Dax quickly contained its initial gains in the first few minutes and was last up 0.11 percent at 14,457.14 points. The day before, the leading German index had gone up almost 3.8 percent from trading.
The most important German stock market barometer was pushed by the strong stock markets in the Far East and the USA. New hopes of a rapprochement in the Ukraine war also provided momentum, as did the recently fallen oil price. In addition, due to the high inflation, the US Federal Reserve, as expected, created facts in the turnaround in interest rates the evening before and increased the key interest rate by 0.25 percentage points.
In the second row of stock exchanges, things went up a little more energetically than in the Dax in the early morning. The MDax of medium-sized German companies advanced by 0.62 percent to 31,562.51 points. At the European level, the leading euro zone index EuroStoxx 50 rose by 0.29 percent to 3900.96 points.