FRANKFURT (dpa-AFX) – Investors on the German stock market have put the brakes on ahead of the US Federal Reserve’s interest rate decision and important quarterly figures from the American technology sector. The upcoming meeting between US President Donald Trump and his Chinese counterpart Xi also caused caution.
The DAX closed Wednesday down 0.64 percent at 24,124.21 points. The MDAX fell 0.98 percent to 29,940.39 points.
The action is currently in the US, where AI fever is driving share prices to ever new record highs. In addition, the US Federal Reserve’s monetary policy committee will announce its interest rate decision this evening. Market participants are expecting an interest rate cut of 0.25 percentage points.
After the US stock market closes, the quarterly figures of some of the most valuable technology companies, such as Microsoft, Alphabet, and Meta, will be published.
On Wednesday, four DAX…
