Dax currently: Dax is quoted in the plus – and reaches record
Investors are looking forward with excitement to the expected Fed speech and indications of further monetary policy. Meanwhile, the oil price is falling after its recent increase.
The Dax reached a new record of 26,618.74 points in the afternoon, a 0.8% daily gain. This is about 50 points above the previous high. The surge is attributed to Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole meeting, where he stated that the central bank must act if inflation doesn't move towards the 2% target. The Wall Street also saw gains, driven by Nvidia's optimistic outlook, but was tempered by ongoing inflation concerns. Warsh did not provide specific guidance on interest rates.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
