FRANKFURT (dpa-AFX) – The Dax ultimately continued its record rally in a rollercoaster ride on Thursday. After jumping above 23,400 points in the morning, it initially ran out of steam and all its gains evaporated. The expected cut in key interest rates by the European Central Bank (ECB) failed to provide any discernible impetus. However, with a tailwind from the US stock markets, which noticeably reduced their opening losses in the course of trading, the DAX then reached a new high of just over 23,450 points towards the end of the session.
The leading German index ended the day up 1.47% at 23,419.48 points. The MDax of medium-sized companies rose by 1.77 per cent to 30,289.61 points, its highest level since June 2022. The Eurozone’s leading index, the EuroStoxx 50, rose by 0.57 per cent to 5,520.47 points. In contrast, losses were recorded in Switzerland and the UK.
Since summer 2024, the ECB has cut interest rates…
