The Dax continued to rise on Thursday. At midday, the leading German index gained 0.61 percent to 15,554.71 points. This continued its recovery, which began on Tuesday and continued with moderate gains on Wednesday.
The MDax of medium-sized companies, which had suffered from a slide in the price of the index heavyweight Fresenius Medical Care (FMC) the day before, largely made up for the setback on Thursday with an increase of 1.02 percent to 25,721 points. The Eurozone leading index EuroStoxx 50 rose by around 0.6 percent.
According to analyst observations, the market expects that the interest rate increases to date have been sufficient in the fight against inflation. The minutes of the Fed meeting in September published on Wednesday evening fit this. According to the transcript, the monetary policy debate at the Fed has shifted. Since key interest rates are near their peak, the discussion should revolve less around the question of the level of interest rates and more about how long interest rates should be kept at an elevated level.
