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DAX rises above 16,000 points: Hopes for interest rate cuts from the USA are inspiring the stock market
According to a report from www.finanzen.net, the German stock market posted gains on Wednesday after the DAX initially started cautiously. The leading index reached a new interim high of 16,208.97 points and recently rose by 1.09 percent to 16,166.45 points. Interest rate hopes from the USA provided a tailwind on the domestic stock markets. US Federal Reserve Director Christopher Waller's statements on the prospect of interest rate cuts brought optimism and strengthened expectations of a turnaround in the Fed's monetary policy. This led to a positive outlook for the market, which now expects four small interest rate cuts from the Fed in the coming year. Inflation in Germany weakened...
DAX rises above 16,000 points: Hopes for interest rate cuts from the USA are inspiring the stock market
According to a report by www.finanzen.net,
On Wednesday, the German stock market recorded gains after the DAX initially got off to a cautious start. The leading index reached a new interim high of 16,208.97 points and recently rose by 1.09 percent to 16,166.45 points.
Interest rate hopes from the USA provided a tailwind on the domestic stock markets. US Federal Reserve Director Christopher Waller's statements on the prospect of interest rate cuts brought optimism and strengthened expectations of a turnaround in the Fed's monetary policy. This led to a positive outlook for the market, which now expects four small interest rate cuts from the Fed in the coming year.
Inflation in Germany weakened further in November and it was expected that inflation would continue to decline. Experts at Landesbank Hessen-Thüringen emphasize that the slowdown in price increases reduces the need for another interest rate increase.
In addition to economic developments, corporate news also impacted the stock market. While the commercial real estate specialist Aroundtown continues to be in the red due to the weak environment, Borussia Dortmund was able to send positive signals by reaching the round of 16 of the Champions League. Fraport shares were increasingly bought after CEO Stefan Schulte was optimistic about the resumption of dividends in the year after next.
Analysts' opinions also caused movement, particularly in the automotive sector. US bank JPMorgan was more cautious about Volkswagen, while it was more positive about BMW. The wafer manufacturer Siltronic also received positive analyst ratings.
Overall, current developments point to positive sentiment on the stock market, supported by the prospect of interest rate cuts and an expected slowdown in inflation. Company news and analyst ratings also contributed to the market movement.
Read the source article at www.finanzen.net