Easing interest rate concerns as a result of surprisingly weak US economic data gave the Dax new impetus on Tuesday. The leading index ended trading up 0.88 percent to 15,930.88 points. Things went even better for the MDax of medium-sized titles with growth of 1.38 percent to 27,664.93 points.
In the United States, the number of vacancies fell surprisingly sharply in July. Consumer confidence also clouded over there, which was just as unexpected. The experts from Capital Economics said the US labor market had now normalized.
Investors’ hopes of an interest rate pause by the Fed in September are now being fueled by the US data, after they had often been dampened by previously mostly robust labor market data. Investments in equities are now becoming somewhat more attractive again.
