That’s how he opened DAX slightly higher and then stayed in the profit zone for most of the time. By the end of trading, it was up 0.62 percent to 14,163.85 points. Of the TecDAX also moved on green territory after a stable start.
Tailwind is provided by the European Central Bank, which again rejected an imminent interest rate hike in the euro area and left the key interest rate at its record low. However, monetary authorities concluded that net asset purchases under the asset purchase program (APP) should be halted in the third quarter. The ECB left consumers and savers in the dark about the timing of the first rate hike. However, experts consider a first rate hike this year to be possible.
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That’s how it started EuroSTOXX 50 already higher and was also in the plus in the further course of trading.
The ECB’s decision to leave the key interest rate in the euro area at its record low of zero percent had a supportive effect. However, there are now clearer signs of an end to the ultra-loose monetary policy in the summer. ECB President Christine Lagarde said the European Central Bank had started to normalize its monetary policy.
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Of the Dow Jones was 0.18 percent higher at 34,628.46 points when the starting bell sounded and remained in the profit zone afterwards. The tech value index NASDAQ Composite on the other hand, falls deep into the red after starting at 13,647.43 points and thus 0.03 percent above its previous day’s close.
On Thursday, the leading US index was supported by price gains by US banks. Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup presented their quarterly reports before the market. Investors are also turning their attention to a takeover bid for Twitter by Tesla CEO Elon Musk.
On the economic side, US consumer sentiment improved in April. In addition, US retail sales rose more moderately than expected in March, while US import prices rose more than expected in March.
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The leading Japanese index Nikkei closed with a gain of 1.22 percent at 27,172.00 points. It helped that the yen had fallen to a 20-year low the previous day.
Bulls also dominated in China. In mainland China, the climbed Shanghai Composite by 1.22 percent to 3,225.64 points. Of the hang seng increased by 0.67 percent to 21,518.08 jobs.
Positive guidance came from Wall Street. Hopes that inflation might have peaked helped here.
Investors are also hoping that the Bank of China will cut interest rates and lower bank reserve requirements on Friday.
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