(omitted letter in the last sentence of the first paragraph: US technology stocks)
FRANKFURT (dpa-AFX) – Ahead of the Fed’s interest rate decision, investors on the German stock market were cautiously optimistic in the middle of the week. Although a rate cut is not yet expected, they are hoping for indications of one at the September meeting. In addition, the recovery rally on the US technology stock exchange Nasdaq created a positive mood.
At the end of trading on Wednesday, the leading Dax index was up 0.53 percent at 18,508.65 points. This was a continuation of the previous day’s positive performance after a weak start to the week. For the month of July, it recorded a gain of 1.5 percent – a 10.5 percent gain since the beginning of the year. The MDax of medium-sized companies ultimately rose by 0.26% to 25,373.12 points on Wednesday.
Stock market prices also rose in Europe. The leading eurozone index EuroStoxx…
