FRANKFURT (dpa-AFX) – The German stock market rose for the third day in a row on Friday. Hopes of falling interest rates sent the Dax to its highest level in five weeks in the afternoon. It closed 1.15 percent higher at 18,748.18 points. This resulted in a weekly gain of around one and a half percent for the leading index. This means that the Borsen barometer is only a good 100 points short of its record high from mid-May. The MDax ultimately rose by 0.61% to 25,904.22 points.
The previous day, falling inflation in the USA had once again fueled expectations of interest rate cuts by the US Federal Reserve and thus also German share prices. “US core inflation is showing clear signs of cooling,” wrote economists Tiffany Wilding and Allison Boxer from asset manager Pimco. “These developments could prompt the Federal Reserve to cut interest rates for the first time in September”.
Among the individual stocks in the DAX, MTU…
