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Frankfurt Stock Exchange: Dax prepares for central bankers meeting


TIME ONLINE | News, backgrounds and debates

Frankfurt / Main (dpa) - Before the central bankers meeting in Jackson Hole, the DAX has risen on Friday morning. The German leading index climbed in the first few minutes by 0.55 percent to 11,811.29 points.

The MDax of medium-sized companies recently posted a plus of 0.57 percent to 25,389.25 meters. The EuroStoxx 50, the eurozone's leading index, rose 0.45 percent to 3388.92 points.

The stockbrokers have high expectations of the Fed meeting in the US. It will be particularly exciting, if the head of the US Federal Reserve, Jerome Powell, the opening speech holds in the afternoon. The financial markets are hoping for clear indications of the future monetary policy of US monetary authorities. Therefore, some market observers are already warning of the potential for disappointment and the fall in the markets should Powell remain too vague here.

Source: zeit

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