Supported by a strong recovery in real estate values, the most important indices on the German stock market rose on Wednesday. The German leading index Dax was 0.88 percent higher in the afternoon at 15,275.44 points. Statements by the chief economist of the European Central Bank (ECB), Philip Lane, provided tailwind. They gave hope for a less aggressive interest rate policy in the future.

In an interview with the weekly newspaper Die Zeit, the ECB’s chief economist said the central bank was expecting a “rapid drop in inflation”. Preliminary inflation data from Germany, due out on Thursday, are now being eagerly awaited.

The MDax of medium-sized stocks was last up 0.80 percent at 26,774.61 points. The Eurozone leading index EuroStoxx 50 climbed by 1.11 percent to 4214.45 points.

On the corporate side, Lane’s statements helped real estate values ​​in Europe in particular, because the heavily leveraged industry is suffering from rising interest rates and inflation. The European industry index, which had fallen to a low since mid-October the day before, picked up sharply. Vonovia shot to the top of the Dax with a plus of 6.4 percent. The shares of the commercial real estate specialist Aroundtown, which had previously collapsed by almost twelve percent due to a canceled dividend, also followed the positive trend with a plus of two percent.

The euro continued to rise moderately and was last listed at 1.0846 US dollars. The European Central Bank last set the reference rate at 1.0841 on Tuesday. The dollar had thus cost 0.9224 euros.

The prices of German Bunds rose in the middle of the week. The current yield fell from 2.32 percent on the previous day to 2.30 percent. The Rex pension index rose by 0.23 percent to 126.38 points. The Bund future fell by 0.18 percent to 135.68 points.