FRANKFURT (dpa-AFX) – The DAX continued its volatile but high-level performance on Wednesday, posting moderate gains. Hopes for lower interest rates in the United States provided support. Meanwhile, in France’s ongoing political crisis, the Socialists have rallied behind Prime Minister Sébastien Lecornu in a bid to prevent the government’s collapse.
Shortly after the start of trading, Germany’s benchmark DAX index edged up 0.2 percent to 24,273 points. The MDAX, which tracks mid-cap companies, gained 0.1 percent to 30,107 points. The Eurozone’s leading index, the EuroStoxx 50, climbed even higher with a 0.7 percent increase to 5,593 points, buoyed by strong quarterly results and statements from heavyweight companies LVMH and ASML.
Market hopes for rate cuts were fueled after US Federal Reserve Chair Jerome Powell on Tuesday highlighted the increasingly gloomy outlook for the US labor…
