FRANKFURT / LONDON (IT BOLTWISE) – The Dax has exceeded the psychologically important mark of 24,000 points, indicating a significant recovery in the German stock market. Experts see opportunities for a year-end rally that could be influenced by the US Federal Reserve’s upcoming interest rate decision. Positive economic figures and order data from German industry support this development.
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The German stock market is currently in a phase of recovery, which is being followed with excitement by many market observers. The Dax recently passed the 24,000 point mark, a level that has not been reached since mid-November. This development is seen as a sign of a possible year-end rally, which, however, depends heavily on the US Federal Reserve’s upcoming interest rate decision. Investors are already positioning themselves in advance of this decision, which increases volatility in the markets.
The MDax, another important index of the German stock market, also increased and is proving robust. The increase of the Dax by 0.61 percent to 24,028.14 points and the MDax by 0.34 percent to 29,696.45 points is supported by positive economic data from German industry. This data has not changed investors’ expectations of a possible interest rate cut in the US, fueling hopes of a continued recovery.
The EuroStoxx 50, which includes the largest companies in the euro zone, also recorded a slight increase. Outside the eurozone, the Swiss SMI was stable, while the British FTSE 100 suffered losses. In the USA, the Dow Jones Industrial was slightly up at the end of European trading, indicating a positive mood on the international markets.
In the corporate sector, German reinsurers were in focus after Swiss Re published a weak outlook. This led to losses at Munich Re and Hannover Re. Airbus was also unable to continue its recovery and is under pressure to achieve its annual targets. In contrast, German defense stocks benefited from a study by Bank of America, which led to price gains for Renk. The sensor specialist Hensoldt, on the other hand, recorded losses after a buy recommendation was removed.
The steel industry, on the other hand, was positive after the EU decided on new protective measures. Salzgitter and Thyssenkrupp were able to post profits, while companies like Kion and Jungheinrich came under pressure. Overall, the outlook for the Fed meeting remains crucial for the further development of the markets, as investors hope for clear signals regarding interest rate policy.
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