FRANKFURT (dpa-AFX) – After a three-day losing streak, the Dax made a new upward attempt on Wednesday. Positive impulses were provided by vague hopes of a ceasefire in Ukraine, but above all by inflation data from the USA. The Dax rose by 1.56% to 22,676.41 points after losing almost 5% in the last three sessions. The MDax lagged behind the Dax on Wednesday with a gain of 0.47 percent to 28,685.73 points.
In the USA, inflation weakened surprisingly sharply thanks to lower energy costs. Year-on-year, US consumer prices rose less sharply than expected. “Nothing stands in the way of a further interest rate cut by the US Federal Reserve in June,” said market expert Eckhard Schulte from MainSky Asset Management. “The market is breathing a sigh of relief,” wrote John Kerschner from US asset manager Janus Henderson. Core inflation has fallen to its lowest level since May 2021.
However, the stock markets could face headwinds…
