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US data reduces interest rate fears and boosts stock market - financial expert gives assessment
Easing interest rate concerns as a result of surprisingly weak US economic data gave the Dax new momentum on Tuesday. The leading index ended trading up 0.88 percent to 15,930.88 points. Things went even better for the MDax of medium-sized stocks with an increase of 1.38 percent to 27,664.93 points. After the weak economic data from the USA, the euro rose and traded at a daily high of 1.0852 US dollars. The European Central Bank (ECB) set the reference rate at 1.0803 US dollars in the afternoon. Effects on the market and the financial sector The easing interest rate concerns, caused by weak US economic data, caused an upswing in the German stock market. As well as …
US data reduces interest rate fears and boosts stock market - financial expert gives assessment
After the weak economic data from the USA, the euro rose and traded at a daily high of 1.0852 US dollars. The European Central Bank (ECB) set the reference rate at 1.0803 US dollars in the afternoon.
Impact on the market and the financial industry
The easing interest rate concerns, caused by weak US economic data, caused an upswing in the German stock market. Both the Dax and the MDax recorded gains, making equity investments more attractive again.
Due to the upturn in the stock market, the euro gained against the US dollar. This could have an impact on foreign exchange trading and the export economy.
source
According to a report by www.esslinger-zeitung.de,
Read the source article at www.esslinger-zeitung.de