A sharper fall in inflation in the US than expected pushed the Dax towards 14,700 points on Tuesday. At times, the leading German index reached its highest level since the beginning of June. In the end, it closed with a premium of 1.34 percent to 14,497.89 points. The MDax recorded an increase of 2.08 percent to 26,018.29 points, and some significant gains were also recorded in Europe and the USA.
“The inflation data from the USA for November turned fear into relief on the stock exchange and catapulted share prices upwards,” market analyst Konstantin Oldenburger from CMC Markets summed up the rally in the afternoon. Consumer prices fell for the fifth straight month, “raising hopes that the worst of inflation is behind investors.”
