Dax at record high | free press

2023-07-28 15:30:39

Frankfurt/Main.

The Dax surpassed its record high of just six weeks on Friday. In the early afternoon it climbed 0.14 percent to 16,429.36 points. The day before, the leading German index had been fueled by the prospect of an end to interest rate hikes in the euro zone and the USA.

After the ninth interest rate hike in a row, the ECB did not rule out a pause for the first time. Although both central banks left the door open for further hikes, experts on the markets are increasingly assuming that interest rates have peaked. Even with the old record of June 16, it was the monetary policy signals from the central banks Fed and ECB that had boosted the Dax. (dpa)