Indications from the US Federal Reserve (Fed) that the rate hike might soon slow down led the Dax further up on Thursday. In addition, the Ifo business climate, the most important German economic barometer, brightened more than experts had expected. At a high level, the leading German index is coming to an end of its most recent consolidation phase with a price gain of 0.86 percent to 14,551.73 points. It has now gained almost 23 percent since its low for the year at the end of September.
The MDax of medium-sized stocks rose by 1.64 percent to 26,055.51 points on the penultimate trading day of the week. The EuroStoxx 50, the leading barometer for the euro zone, was around 0.7 percent higher.
