Skip to main content

DAX reaches session highs above 17,750 as ECB paves the way for rate cuts

Slicing through all the narrative accompanying the latest, unchanged ECB policy announcement, their European equity markets have gotten a further boost. The DAX has now lifted above 17,750. The reason for this is surely due to the lower growth and inflation forecasts mentioned in the previous update. That does pave the way for the ECB to lower rates and perhaps sooner rather than later. Hence, the DAX and other European bourses have latched onto this by rising to fresh session highs 

Ready to Get Started?

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