Skip to main content

DAX lifts further after SNB lowers rates

The DAX was already lifting above 18,150 after opening higher this morning, when it seems to have received a further boost from the SNB decision to lower their OCR to 1.25%. The DAX has jumped above 18,200 following that decision. Of course it might just be coincidental, but it does not seem that way to be honest. The US futures are higher again right now too and it seems the move by the SNB has merely provided another excuse to push both the European and US markets higher. At the same time that is not necessarily an outcome to float all boats, but right now that seems the likely impact. The DAX is just paring that move to above 18,200 though, currently trading at 18,185
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!