DAX at Over 1-Week High
Frankfurt’s DAX 40 rose about 0.7% to cross 25,700 on Thursday, its highest level in over a week, as oil prices continued to fall and global bond yields eased after the widely anticipated 25 bps rate hike by the US Federal Reserve. Fed Chair Kevin Warsh displayed a clear firmness in the face of inflation without triggering a further surge in long-term yields, a move welcomed by investors. Meanwhile, President Trump has threatened the European Union with “very serious tariffs” or restrictions on trade in response to European Commission President Ursula von der Leyen’s proposal to open the way for Canada to become the bloc’s first “associate member”.
7% to cross 25,700 on Thursday, its highest level in over a week, as oil prices continued to fall and global bond yields eased after the widely anticipated 25 bps rate hike by the US Federal Reserve. Fed Chair Kevin Warsh displayed a clear firmness in the face of inflation without triggering a further surge in long-term yields, a move welcomed by investors. Meanwhile, President Trump has threatened the European Union with “very serious tariffs” or restrictions on trade in response to European Commission President Ursula von der Leyen’s proposal to open the way for Canada to become the bloc’s first “associate member”.