FRANKFURT (dpa-AFX) – The ups and downs on the German stock market entered a new round on Thursday. After two weaker days, the leading index Dax made up all of its losses. A surprisingly stable inflation trend in Germany supported the market’s hopes of an interest rate cut and apparently also its mood. In the end, the Dax recorded a gain of 0.85% to 19,425.73 points.
In Germany, the Harmonized Index of Consumer Prices (HICP), which is compiled for European purposes, climbed by 2.4 per cent year-on-year in November. The rate had already been 2.4 percent in the previous month. Economists had expected an increase to 2.6 percent.
“There are signs of an easing in 2025,” expects VP Bank Chief Economist Thomas Gitzel. Despite the rise in inflation, the ECB will reduce its key interest rate by a further 0.25 percentage points in December. “The monetary policy easing course will be maintained as long as there is no change in…
