The prospect of a further rise in key interest rates in the USA weighed on the German stock market somewhat on Thursday. The leading index Dax fell by 0.48 percent to 15,714.16 points. The minutes of the US Federal Reserve’s meeting, which were published the evening before, revealed that the door remains open for further interest rate hikes.
The MDax for medium-sized companies fell by 0.52 percent to 27,670.90 points. The Eurozone leading barometer EuroStoxx 50 lost 0.32 percent.
“The minutes of the last Fed meeting were received negatively on the stock exchanges,” stated analyst Thomas Altmann from QC Partners. “It doesn’t just have bad sides.” The central bankers once again emphasized the risks of US inflation. At the same time, however, individual Fed members could have imagined keeping interest rates constant at the last meeting in July and not raising them any further.
