The Dax remained under pressure in view of the interest rate decision by the European Central Bank. An expected interest rate hike and continued uncertainty about the future course of the currency watchdogs initially ensured that the leading index slipped to 15,662 points in the afternoon, its lowest level in more than three weeks. But then he was able to recover a bit.
Most recently, the Dax lost 0.57 percent to 15,725.31 points compared to the previous day. The MDax with the medium-sized German stocks fell by 0.48 percent to 27,303.99 points, while the Eurozone leading index EuroStoxx 50 fell by 0.7 percent. The stock exchanges in New York got off to a slow start.
As expected by the majority, the key interest rate in the euro zone rose by 0.25 percentage points. The monetary watchdogs thus slowed down somewhat in their seventh interest rate hike in a row. The previous evening, the US Federal Reserve had raised its key interest rate for the tenth time in a row, but left the further course of monetary policy open.
A flood of company reports also occupied investors on Thursday. Rheinmetall investors, who were recently spoiled by the rise in the share price, were not satisfied with mixed quarterly figures and a confirmed forecast. The price markdown amounted to 1.3 percent.
Good news fizzled out at Infineon, as the price slide of 3.3 percent showed. Here dealers praised strong quarterly figures that exceeded expectations and a raised outlook for the current quarter. However, the mood in the sector was dampened by weak results from the US semiconductor company Qualcomm, among other things.
At Henkel and Vonovia, too, the reactions to the quarterly reports were clearly negative, with losses of up to 2.6 percent. However, like the entire real estate sector, Vonovia was once again suffering from increasing uncertainty about interest rates. Rising interest rates are causing problems for the entire industry.
The exchange rate of the euro gave way, most recently 1.1005 US dollars were paid. The ECB had set the reference rate at $1.1043 the day before. On the bond market, the current yield rose from 2.26 percent on the previous day to 2.28 percent. The Rex pension index rose by 0.17 percent to 126.54 points. The Bund future lost 0.10 percent to 136.26 points.