According to the interest rate Outlook of the American Central Bank, the Federal Reserve, the German investors have been left on Thursday, the Finger of the shares. The Dax slipped on Thursday morning to 10.563,44 points, the lowest level since December of 2016, most recently the German leading index lost 1.45 percent on 10.610,09 points.
overnight global sell-out was already on the New York Wall Street and Asia. America’s Central Bank had increased on Wednesday the interest rates as expected again and also look to expect in 2019, only with two instead of the three envisaged further increases.
the market participants, however, had bet that the Fed would probably just pull a move on interest rates into consideration. This hope was disappointed. Equities as an asset class to benefit is usually of a less tight monetary policy. The Fed is now more cautious, but investors, apparently, not careful enough.
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The Fed have only stepped lightly on the brake and not be so concerned about the emerging risks for the economy shown, as the market had expected, said Analyst Milan Cutkovic from the trading house AxiTrader. The mood on the trading floors remain frosty and also the Start to the new stock exchange could be a turbulent year, said the expert. He is afraid of, then in the Dax is a continuation of the correction up to 10,200 points.
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“The German benchmark index, more than ever, in the parent down-mode”, commented the Morning, the Technical Analyst Martin Utschneider of the private Bank Donner & Reuschel. That new economic stimulus can rip data on Thursday, the rudder around, in his estimation the more than questionable. In the afternoon, it is expected from America, with the Philadelphia Fed Index is a leading indicator.
“The Fed is stepping on the brake pedal, however, less pronounced than many investors expected or at least hoped for,” said Portfolio Manager Thomas Altmann from the asset Manager, QC partner. “Investors should now look premature in the towel. Recoveries always start then, if no-one expects.“ Among the biggest losers on the Dax, shares of Infineon and Deutsche Bank at a discount of 2.4 per cent.
