Stock exchange in Frankfurt: Dax continues to rise in view of more moderate interest rate expectations

Hopes for more moderate rate hikes in the US continued to drive the Dax on Friday.

Stock exchange in Frankfurt: Dax continues to rise in view of more moderate interest rate expectations

Hopes for more moderate rate hikes in the US continued to drive the Dax on Friday. It was also well received that the Chinese leadership relaxed its strict corona regulations somewhat. The time that travelers have to spend in quarantine has been slightly reduced. The leading German index climbed to 14,263 points in the morning, another high since June.

The Dax really got going on Thursday afternoon after the publication of US economic data, which showed a surprisingly significant weakening of inflationary pressure in October. Since Wednesday he has gained up to 4.4 percent, the weekly plus was almost 6 percent at the daily high. On Friday afternoon, the Dax was still around 0.4 percent up at 14,199 on a daily basis.

The MDax gained 1.3 percent to 25,596 points. Its weekly plus was 25,782 points, more than 8 percent at times. The leading eurozone index, the EuroStoxx 50, rose by 0.7 percent at the end of the week.

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