FRANKFURT (dpa-AFX) – After the profit-taking of the previous day, investors remain cautious on German equities on Thursday. Slightly positive US data following the Fed’s interest rate signals did not lead to any price gains in Germany. On a day with several corporate figures, the Dax was virtually at the previous day’s level at 23,289 points in early trading. After an increase of around 17 percent this year, the air has become thinner.
The MDax of medium-sized companies fell moderately by 0.24 percent to 29,574 points on Thursday. Like the Dax, the Eurozone’s leading index, the EuroStoxx 50, hovered around its previous day’s closing price.
The US monetary authorities left interest rates unchanged the previous evening, as generally expected. However, analyst Christian Reicherter from DZ Bank spoke of numerous uncertainty factors that kept the monetary authorities cautious with regard to interest rate cuts this year….
