FRANKFURT (dpa-AFX) – Despite the prospect of interest rates in the USA possibly falling soon, the Dax seems to have run out of steam on Thursday. A rate cut by the Fed in September is a scenario that market participants had already considered the most likely before the Fed meeting the previous day.
A few minutes after the Xetra opening, the leading German index fell by 0.39 percent to 18,436.57 points. Analyst Jochen Stanzl from the trading firm CMC Markets spoke of a swing stock market, with investors continuing to search in vain for a direction.
The MDax index of medium-sized companies was little changed at 25,371.66 points. The Eurozone’s leading index, the EuroStoxx 50, lost half a percent.
The overseas stock markets provided a mixed picture: weaker Asian markets contrasted with strong gains on the US technology stock exchange Nasdaq. In the USA, Meta’s quarterly figures were also well received the evening…
