FRANKFURT (dpa-AFX) – Buoyed by hopes of interest rate cuts in the USA, the German stock market continued to rise on Wednesday. This was the seventh consecutive day of gains for the leading Dax index, even if they have remained modest of late. The Dax rose by 0.3 percent to 17,873 points in the first few minutes of trading.
In the afternoon, consumer prices in the USA will be published for July, which will have a major influence on the Fed’s monetary policy. The previous day, US producer prices had already supported the indices in Germany, but especially in New York.
The MDax index of medium-sized companies started the day up 0.8 percent at 24,527 points. The EuroStoxx 50, the leading eurozone index, rose by half a percent./bek/men
