FRANKFURT (dpa-AFX) – The good mood on the stock market pushed the Dax to its next record high on Thursday. The positive reception of some companies’ financial results helped the leading index to build on its record rally of the previous day. After rising to a high of 20,675 points, it ultimately closed at 20,655.39 points, still up 0.39 percent.
The day before, the Dax had received a fresh boost from inflation data from the USA. These had alleviated concerns that the US Federal Reserve might stop its interest rate cuts this year or, in the longer term, might even raise the key interest rate. However, this had hardly any effect on US trading on Thursday, with the indices there moving only slightly. Investors are also already waiting for Donald Trump’s inauguration, which is scheduled for Monday.
On the second tier of German stock exchanges, the MDax was unable to keep pace with the Dax, as was also the case last year….
