US Federal Reserve pushes Dax further

Released on 23. 09. 2021

  • The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen

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Frankfurt / Main (dpa) – The US Federal Reserve is initially sticking to its loose monetary policy and has thus given the stock markets a boost.

The Dax advanced on Thursday for the third day in a row and closed 0, 88 percent higher 15. 643, 97 counters. The MDax of the medium-sized stock market values ​​gained 0, 49 percent to 35. 483,49 Points.

The Federal Reserve (Fed) will purchase securities worth 120 billion US -Dollars per month resume. At the same time, the central bank signaled that purchases could soon be scaled back. “Overall, the interest rate outlook, but even more the clear and early communication by the Fed, should be seen as positive for the capital markets,” commented chief investor Achim Stranz from Axa Investment.

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