With a slight delay, German share prices also reached a record high on Thursday after inflation data from the USA.
The FAZ index, which represents the broad spectrum of the market, rose by 0.7 percent to 2,824.36 points, the standard value index Dax by 0.4 percent to 15,830.68 points.
The big surprise regarding inflation did not materialize, said portfolio manager Thomas Altmann from asset manager QC Partners.
“As expected, the annual rate has 5 in front of the decimal point for the third time in a row.
With an inflation rate of 5.4 percent year-on-year, inflation remains at its 13-year high.
The pressure on the Fed to act has not increased, but it has not decreased either.
If inflation continues to rise, market participants assume that the Fed will tend to tighten its monetary policy.
This could have a negative impact on the stock market because other asset classes would then become more attractive again.
Quarterly reports again influenced events on the German market in the middle of the week.
The utility Eon raised its forecast.
The profit in the first half of the year was better than expected, said a trader.
However, the stocks rebounded from their interim high from May right at the start, then lost significantly and were recently up again at 0.5 percent.
According to the numbers and outlook in the MDax, Thyssenkrupp lost around 7 percent.
The expectations of the industrial group were not high, but the reduction of the target for the free inflow of funds is putting a strain on the course, said a stockbroker.
The mix of sectors was also not well received by analysts.
Hella also posted high losses of almost five percent.
The offers for the auto supplier are likely to be below the previously rumored price, according to the market.
Futures contracts on the American stock indices also rallied, while the dollar fell from $ 1.1705 to $ 1.1731 for the euro. In the USA, the corona-induced inflation surge has probably passed its peak, according to Commerzbank. In July consumer prices rose again above average, but more slowly than before. In the coming year, the inflation rate should fall significantly again. The numbers certainly did not change anything about the approaching withdrawal of the US Federal Reserve from its bond purchases.