The Dax rose on Thursday. With the stabilization of the US stock exchanges, which started weakly, the leading German index expanded its gains in the afternoon. It closed up 0.88 percent at 12,282.11 points, just shy of its daily high.
The MDax for medium-sized companies rose by 1.26 percent to 26,824.51 points. The fact that the US economy surprisingly contracted for the second quarter in a row and thus slipped into a recession by definition left investors in the German market cold. According to experts, statements by the US Federal Reserve that the pace of monetary tightening might be reduced somewhat in the future supported share prices.
As expected, the Fed had raised interest rates by a further 0.75 percentage points the day before. At the same time, Fed Chair Jerome Powell admitted that the high rate of tightening would have an impact on economic growth. Otherwise, a number of annual reports were once again the focus on the German market.
