DAX Gains Ground
Frankfurt's DAX 40 extended early gains to trade more than 1% firmer on Thursday afternoon, hovering near a two-month high and heading for a fourth consecutive session of advances. Investors parsed a fresh raft of corporate earnings while digesting the ECB’s latest monetary policy decision. The central bank kept interest rates unchanged, as expected, adopting a wait-and-see approach and noting no second-round effects from higher energy prices so far. Most sectors gained, led by banks, consumer goods, telecom and industrials,
Frankfurt's DAX 40 extended early gains to trade more than 1% firmer on Thursday afternoon, hovering near a two-month high and heading for a fourth consecutive session of advances. Investors parsed a fresh raft of corporate earnings while digesting the ECB’s latest monetary policy decision. The central bank kept interest rates unchanged, as expected, adopting a wait-and-see approach and noting no second-round effects from higher energy prices so far. Most sectors gained, led by banks, consumer goods, telecom and industrials,