DAX reaches new all-time high of over 17,000 points, Fed signals boost index

DAX reaches new all-time high of over 17,000 points, Fed signals boost index

According to a report by www.finanzen.net, the DAX reached a new all-time high above the historic mark of 17,000 points on Thursday. However, this positive start was later dampened by profit-taking based on ECB signals.

The DAX initially recorded an increase of 1.09 percent to 16,948.79 points and then temporarily rose to over 17,000 points. However, the day ended with a minimal discount of 0.08 percent to 16,752.23 points due to ECB signals.

The US interest rate decision had a positive effect on the DAX, as the US Federal Reserve Bank signaled a possible interest rate cut in 2024. This move has had a positive impact on investor sentiment.

However, the European Central Bank's decision to keep the key interest rate at 4.5 percent slowed the DAX's gains. The signals from ECB chief monetary watchdog Christine Lagarde led investors to slightly reduce their interest rate bets for 2024, hurting market sentiment.

Experts warn against excessive pessimism and emphasize that inflation will not remain low in the long term due to various factors such as rising wages.

Given these developments, there could be continued volatility in the market. Investors should remain vigilant and closely monitor central bank signals to make informed investment decisions.