The flagship Dax index of the Frankfurt Stock Exchange continued its race for records on Wednesday, surpassing the 18,000 point mark shortly after the opening, driven by the prospects of lower interest rates.
Around 08:10 GMT, the German index reached 18,001.42 points, up 0.15%, reaching a new historic record, against a backdrop of falling inflation in the euro zone
“which makes a drop in interest rates very likely. 'guiding interest (of the European Central Bank) in June'
, according to Jochen Stanzl, an analyst at CMC Markets.
More information to come…