FRANKFURT (dpa-AFX) – Dwindling expectations of interest rate cuts slowed the DAX’s record rally on Thursday afternoon. Following the eighth interest rate cut since June 2024, the German benchmark index initially rose to 24,479 points. However, ECB President Christine Lagarde dampened the euphoria somewhat by signaling an end to the cycle of cuts.
The DAX briefly dipped into negative territory after Lagarde’s statement, but the initial excitement subsided. In the end, the German benchmark index settled at 24,323.58 points, up 0.19 percent. In the second tier of the stock market, the MDax rose by 0.34 percent to 31,135.59 points, its highest level in three years. The SDax also stood out by breaking through the 17,000-point mark for the first time since 2021.
DZ Bank no longer expects interest rate cuts in “automatic mode” with immediate effect, which will dampen investors’ interest rate expectations somewhat. According…
