After jumping over the 19,000 point mark last week, the DAX is gaining ground again at the start of the week. The German leading index rose by 0.3 percent to 18,767 points at the opening.
“Now things can continue to rise,” commented Jochen Stanzl, analyst at broker CMC Markets. In the USA, stock market traders were expecting two further interest rate cuts by the end of the year. Last week, the US Federal Reserve initiated the US interest rate turnaround with a surprisingly strong cut of half a percentage point.
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