Dax continues to grow – electricity price package and quarterly figures | Free press

by time news

2023-11-09 17:10:02

Frankfurt/Main.

The Dax continued its upward movement on Thursday. At another highlight of the reporting season, the leading index recently rose by 0.65 percent to 15,329.25 points. While quarterly reports offered light and shadow, the DAX initially got off to a slow start. The federal government’s agreement on electricity price reductions for industry also helped.

The indices in the second and third German stock market leagues stood out positively. The reactions to quarterly reports or foreseeable advantages from the electricity price package made it possible for the MDax to reach 25,814.44 meters, an increase of 1.67 percent. The Eurozone index EuroStoxx 50 was up one percent at the same time. The US leading index Dow Jones Industrial got off to a solid start.

The euro was last traded at $1.0702. The European Central Bank (ECB) set the reference rate at $1.0671 on Wednesday.

On the German bond market, the current yield rose from 2.65 percent the day before to 2.66 percent. The Rex bond index fell by 0.05 percent to 124.67 points. The Bund future lost 0.27 percent to 130.45 points. (dpa)

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