FRANKFURT (dpa-AFX) – Investors on the German stock market took some profits ahead of the long Easter weekend. Even the expected interest rate cut by the European Central Bank (ECB) did nothing to change this. The deposit rate, which is important for banks and savers, was reduced by 0.25 percentage points to 2.25 percent. Lower interest rates tend to make loans cheaper. They help the weak economy in the eurozone, which is facing setbacks due to Donald Trump’s tariff offensive.
The DAX lost 0.49 percent to 21,205.86 points. However, this still represents a further recovery of 3.13 percent for the leading index in the shortened week. At the beginning of last week, the DAX temporarily fell below the 19,000-point mark due to the trade conflict triggered by US President Donald Trump, before gradually working its way back up again. The MDAX index of medium-sized companies fell by 0.26 percent to 27,148.42 points on Maundy…
