FRANKFURT (dpa-AFX) – The Dax continued its recent recovery on Friday. In the end, the leading index went into the weekend 0.98 percent higher at 18,699.40 points. Over the week as a whole, it thus gained a good two percent. The MDax of mid-sized stock market companies rose by 1.26% to 25,550.66 points. Investors have long since been able to shake off recession worries at the beginning of the month. Technology stocks in particular have risen sharply since the middle of the week. Following the expected interest rate cut by the European Central Bank (ECB) the previous day, all eyes are now on the US Federal Reserve.
“Next week, the Fed will probably follow the ECB with another quarter of a percentage point cut in key interest rates,” wrote Robert Greil, chief strategist at Merck Finck. Recently, speculation about a major interest rate move has even been fueled again. Former Fed member William Dudley, for example, sees scope…
