Price rally on the stock exchanges: Dax, Nasdaq and Tesla share price plus due to Fed boss Jerome Powell

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Parquet in Frankfurt:

The Dax should get going again on Thursday

Photo: Marius Becker / picture alliance / dpa

After the more moderate interest rate signals from the US Federal Reserve, the Dax should really get going again on Thursday.

The broker IG appraised the leading German index before the start of trading 1.4 percent higher at 14,595 points.

This marks a new high since June.

The Dax is back on course to the then intermediate high of 14,709 points.

Fed boss

(69) underpinned the prospect of smaller rate hikes on Wednesday, triggering a price rally on Wall Street.

The US labor market report for November on Friday could also be such a message, if it turns out to be quite weak, as expected, and thus takes monetary policy pressure off the Fed.

US benefits from Powell statement - Nasdaq gains almost 5 percent

Among other things, Powell had promised that the time for more moderate interest rate hikes could have come as early as December.

The leading index Dow Jones rose by 2.18 percent to 34,589 points and reached its highest level in a good seven months.

The Fed had previously raised interest rates sharply by 0.75 percentage points.

Shortly before Powell's statement, the Dow was still in the red.

Prices on the technology-heavy Nasdaq stock exchange rose even more sharply.

The growth stocks listed there are considered to be particularly interest-dependent.

Should interest rates rise less sharply, the chances of higher valuations for tech stocks on the Nasdaq increase.

The Nasdaq 100 gained 4.58 percent to 12,030 points.

Tesla stock, which had halved at times since the beginning of the year, began to recover and rose by around 8 percent.

But also in the Dow, three tech giants, Apple, Microsoft and Salesforce, were the biggest price beneficiaries.

The market-wide S&P 500 increased by 3.09 percent to 4080 points.

Stock exchanges in Asia rise

Signals that key interest rate hikes in the USA would initially be slower gave the Asian stock markets a tailwind on Thursday.

The CSI 300 index, which lists the 300 most important Chinese companies on the mainland stock exchanges, rose 1.3 percent and the Hang Seng index in Hong Kong SAR rose 1.2 percent.

In Japan, the 225 Nikkei Index closed 0.9 percent higher.

Bitcoin back above the 16,000 mark

The world's best-known digital currency, Bitcoin, has continued to soar and was last listed on the Bitstamp trading platform on Thursday morning at 16,375 US dollars.

The cryptocurrency has been under pressure since the beginning of the year.

Bitcoin hit a record high of $69,000 in November last year.

Oil prices fall slightly

Oil prices fell slightly on Thursday after rising for the past few days.

In the morning, a barrel (159 liters) of North Sea Brent cost US$ 86.35.

That was 59 cents less than the day before.

The price of a barrel of the American West Texas Intermediate (WTI) variety fell 46 cents to $80.09.

After three days of price gains in a row, during which crude oil from the North Sea rose in price by around five percent, a slight counter-movement began, market observers said.

Oil prices are currently being significantly influenced by developments in China, where the government is continuing to implement tough corona measures, thereby weighing on the country's economy.

At the same time, however, the funding policy of the oil network Opec+ is a determining factor on the oil market.

Recently, speculation about the future production volume of Opec+ has moved oil prices.

The member states of the oil cartel and other important producing states such as Russia have joined forces in the alliance.

With news agencies