Great confidence for DAX and Co could drive prices further up

After the delightfully low US inflation of 7.7%, it was time to buy! Share prices rose across the board, with the DAX jumping above the 200-day mark. Several aspects speak in favor of the continuation of the explosion. Of course, temporary disappointments are always possible. Weekly Outlook. Landesbank Baden-Württemberg spoke of an „explosion caused by US inflation”. „Interest rate patterns are rising,” said Jochen Stanzl, chief market analyst at CMC Markets. „If inflation continues to slow in the coming months and the market is currently pricing in that future both the European Central Bank and the US Federal Reserve will take a break from the rate cycle at the latest in the spring.” In particular, the technology sector experienced fireworks. On Friday, the main index DAX started the weekend at 1 ,22 points. During the week, the DAX rose by 5.7 percent. The MDAX of mid-cap stocks rose even more than the DAX. Things continued to pick up in after-hours business. On Sunday morning, broker IG estimated the weekend DAX at 1 ,300 points. The DAX fell to an almost two-year low at the end of September, but has since rallied nearly 20 percent to hit a five-month high.

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