FRANKFURT (dpa-AFX) – Encouraging price data from the USA drove the recovery on the German stock market on Thursday. According to experts, the path to an interest rate turnaround in the world’s largest economy is now becoming increasingly clear.
Following the announcement of a weaker than expected inflation trend in June, Germany’s leading index, the Dax, approached the 18,600-point mark again and ultimately closed with a gain of 0.69% to 18,534.56 points. The MDax, the index of medium-sized stock market companies, rose by 0.52% to 25,748.19 points and gains were also recorded across Europe.
In the USA, the recent familiar picture was reversed: the Wall Street index Dow Jones Industrial rose slightly at the close of trading in Europe, while the surge in technology stocks was slowed and profit-taking set in.
According to James Knightley, chief economist at Dutch bank ING, the inflation data should boost the Fed’s…
