Dax currently: Dax in plus at midday - US inflation data decisive
After two consecutive days of losses, the Dax is again showing a positive trend. Oil continues to cost more than $100 per barrel. Against this backdrop, investors are waiting for new US inflation data.
The German stock market index, Dax, rose slightly to 25,541 points, a 0.7 percent increase, on Friday. This comes after a decline to a six-week low following the European Central Bank's decision to raise the deposit rate to 2.50 percent on Thursday. Investors are now expecting another interest rate hike in December. Meanwhile, global state bond yields have surged, with the 10-year German bund yield reaching 3.51 percent, its highest level since 2009. The 10-year US Treasury yield approached 5 percent, reaching 4.98 percent.
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.
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- Dax currently: Dax up in the morning – US inflation data decisive handelsblatt.com
