FRANKFURT / LONDON (IT BOLTWISE) – The stock markets showed their strong side on Thursday, driven by expectations of an imminent interest rate cut in the USA. The DAX is again approaching the 23,800 point mark, while the Nikkei in Japan is also recording significant gains. These developments reflect the positive sentiment coming from Wall Street, where the Dow Jones posted a notable rise.
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The stock markets in Germany and Asia showed their strong side on Thursday. The DAX, the leading German index, is once again approaching the 23,800 point mark. This development is driven by expectations of an impending interest rate cut in the US, which is buoying the markets. The broker IG valued the DAX around 0.5 percent higher at 23,803 points around two hours before the start of Xetra trading. The day before, the DAX had already reached 23,838 points before the price increase collapsed again.
In the USA, investors continue to rely on a recovery in the stock markets. The Dow Jones Industrial Average closed on Wednesday with a gain of 0.86 percent, reaching its highest level since mid-November. This positive development is supported by economic data that does not affect expectations of an interest rate cut by the US Federal Reserve next week. The recovery rally continued after a slow start, further strengthening investor optimism.
The most important stock markets in Asia also showed gains on Thursday. The Japanese leading index Nikkei 225 rose by around two percent shortly before the end of trading. This development reflects the positive mood on the US stock markets and is further driven by hopes of a key interest rate cut in the US in the coming week. The CSI 300, which includes the main stocks on mainland China, gained 0.2 percent in late trading, while Hong Kong’s Hang Seng index rose 0.1 percent.
The prospect of a rate cut in the US has set markets around the world in motion. This expectation has not only boosted the stock markets, but also had an impact on the bond and currency markets. The Bund future, an indicator for the development of German government bonds, fell slightly by 0.12 percent. In the foreign exchange market, the euro was slightly weaker against the US dollar, while the US dollar strengthened against the yen. These developments highlight the complex interactions between different markets and the importance of monetary policy for the global economy.
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