FRANKFURT (dpa-AFX) – The DAX remained virtually unchanged on Thursday, as investors held their positions ahead of the annual gathering of central bankers in the United States. Market participants appear to be waiting for fresh monetary policy signals, adopting a cautious approach. Meanwhile, progress in peace efforts regarding the war in Ukraine remains elusive.
The DAX closed a lethargic session up just 0.07 percent at 24,293.34 points. At one stage, the index slipped to its lowest level in a week. The record high of 24,639 points, set six weeks ago, has recently faded from view.
On Friday, US Federal Reserve Chair Jerome Powell is expected to comment on future monetary policy at the annual central bankers’ symposium in Jackson Hole, Wyoming. “Equity markets are hoping Powell will signal that the door to rate cuts as early as September is open, and they are unlikely to be disappointed,” wrote economist Michael…
