On Friday, the Dax surpassed its old record high from mid-June with a little momentum. The leading German index had climbed to a good 16,490 points in the course of trading and closed 0.39 percent up at 16,469.75 points. On a weekly basis, the Dax rose by 1.81 percent.
The stock market barometer had already been fueled on Thursday by the prospect of an end to interest rate hikes in the euro zone and the USA. The MDax with shares in 50 medium-sized listed companies fell by 0.26 percent on Friday to 28,706.20 points.
After the ninth interest rate hike in a row, the European Central Bank (ECB) had not ruled out a pause for the first time. Although both the ECB and the US Federal Reserve left the door open for further increases, experts on the markets are increasingly assuming that the peak in interest rates will soon be reached. Even with the old record of June 16, it was the monetary policy signals from the Fed and the ECB that had boosted the Dax.
