The DAX set a record course on Thursday. The leading German index reached another record at 17,089 points. It left trading at 17,047 points, 0.6 percent higher. Concerns about the recent unexpectedly high inflation in the USA were quickly shaken off.
For investors, the timing of an interest rate cut no longer seems to be that important – the main thing is that the interest rate turnaround comes. Even if the major central banks Fed and ECB have not yet flipped the switch, the change in monetary policy is being prepared verbally, wrote Gertrud Traud, chief economist at Helaba. She expects the two central banks to switch over in June.
If you look at the upcoming dates, today is not so blessed with it. Before the start of trading in Frankfurt, the Federal Statistical Office presents the German wholesale prices for January. These fell for the ninth month in a row in December, signaling easing inflation pressure.
The reporting season continues for companies. However, it only opens in the DAX Sartorius the books. Waiting in the second row Hella with numbers. The balance sheet is international Swiss Re Group to be noted.
They are cyclical US producer prices notable for January, which will be announced an hour before trading begins on Wall Street. At 4 p.m. CET there will be that University of Michigan Consumer Sentiment Index for February.
You can find the complete schedule overview for this week here.