The Dax increased its record to 16,837 points on Tuesday. However, there were no new impulses towards 17,000 points. Most recently, the Dax was just 0.13 percent in the red at 16,773.02 points. The year-end rally since the low in October is now almost 15 percent. So far in 2023, the leading index has gained 20.5 percent.
The MDax has some catching up to do in this regard; it fell slightly to 26,577.76 points on Tuesday. The Eurozone index EuroStoxx recently stagnated at the previous day’s level, while there was little movement on the US stock exchanges.
It was reported on Tuesday that German financial experts’ economic expectations improved for the fifth month in a row in December. More important for investors, however, were US consumer prices, which could have a signaling effect on the course of monetary policy. As expected, inflation in the USA weakened again slightly to 3.1 percent in November. The core inflation rate remained at 4.0 percent. The core rate is given particular attention by the US Federal Reserve Bank.
We are now looking forward to the Fed’s interest rate decision on Wednesday, as falling inflation could increase the scope for monetary policy.
The euro rose on Tuesday, last paying $1.0795. The European Central Bank (ECB) set the reference rate at $1.0757 on Monday afternoon.
On the bond market, the current yield fell from 2.28 percent the day before to 2.25 percent. Conversely, the Rex bond index rose by 0.13 percent to 126.68 points. The Bund future rose by 0.16 percent to 135.05 points.
