FRANKFURT (dpa-AFX) – The German stock market showed no clear direction in mid-week trading. While blue chips in the DAX gained ground, second- and third-tier stocks declined. The focus was on further quarterly reports from companies, which were mostly well received. The DAX closed Wednesday with a gain of 0.67 percent at 24,185.59 points. The MDAX, on the other hand, fell by 0.25 percent to 30,925.12 points.
Positive momentum came from US stock markets, which were stronger again after inflation data had led to record highs on the NYSE and the Nasdaq technology exchange the previous day. Wall Street now expects a 90 percent probability of an interest rate cut in September. However, contrary to expectations, the core rate, which is more meaningful for the Fed, rose.
Geopolitically, the focus is already on the meeting between US President Donald Trump and Kremlin leader Vladimir Putin this Friday. Europeans and…
