The November rally on the German stock market continued on Wednesday. Hopes of interest rate cuts soon pushed the Dax to its highest level since the beginning of August.
The leading index passed the 16,200 point mark for the first time in almost four months. It crossed the finish line 1.09 percent higher at 16,166.45 points. The MDax rose by 1.18 percent to 26,313.98 points.
The assumption that interest rates will soon fall again is gaining ground on both sides of the Atlantic. In Europe, this had to do with the fact that inflation in Germany weakened much more significantly than expected in November.
The Dax’s previous record high is also getting closer. The German stock market barometer reached this point at just under 16,529 points at the end of July. He has now increased his price gains since the low in October to almost eleven percent.
