FRANKFURT (dpa-AFX) – The mood on the German stock market brightened again on Tuesday. Investors took advantage of the slight price losses at the start of the week to buy, betting on a major interest rate cut by the US Federal Reserve on Wednesday evening.
The Dax closed up 0.50 percent at 18,726.08 points. In the meantime, the leading index had reached its highest level since the record high at the beginning of the month. At almost 19,000 points, this is now within reach. The MDax of mid-cap blue chips rose by 1.45 percent to 25,781.19 points, even more strongly than the Dax.
“Whether the Fed lowers key interest rates by 0.25 or 0.50 percentage points remains controversial among market participants,” wrote Mark Haefele, chief investor at major bank UBS. For this reason, the reaction of investors to the central bank’s decision is also fraught with uncertainty.
Market analyst Konstantin Oldenburger from trading…
