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US Federal Reserve: Interest rate cuts uncertain - Dax loses
Current losses on the German stock market in Frankfurt/Main due to interest rate concerns from the US Federal Reserve. DAX closes with a loss of 1.24 percent. Find out more here.
US Federal Reserve: Interest rate cuts uncertain - Dax loses
Uncertainty about a possible lack of interest rate cuts by the US Federal Reserve this year weighed on the German stock market. The Dax ultimately fell by 1.24 percent to 18,175.04 points. The US government's robust labor market data helped support this thesis. The string of good labor market data continued, raising questions about the need for interest rate cuts from the Fed. On a weekly basis, the Dax recorded a loss of 1.72 percent, the first weekly loss after eight consecutive positive weeks.
The leading index Dax and the MDax of medium-sized stocks recorded losses. At the top of the index, Deutsche Börse shares gained 0.6 percent. The leading European indices, such as the EuroStoxx 50, the French Cac 40 and the British FTSE 100, each lost around one percent. On the bond market, the current yield fell from 2.41 percent the day before to 2.40 percent. The euro fell against the US dollar, while the Bund future lost 0.60 percent to 132.2 points.
The day began with losses due to the decline in New York stock markets, triggered by statements from the President of the Federal Reserve in Minneapolis. Uncertainty about possible interest rate cuts by the Fed, based on inflation trends and the robustness of the economy, influenced prices. According to experts, the debate about this is likely to intensify.