As of: March 15, 2024, 5:58 p.m
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The Dax is the most important stock index in Germany.
© Fredrik von Erichsen/dpa
At the big expiry date on the futures exchanges, the Dax remained within sight of the round mark of 18,000 points.
At times, the leading German index was close to the record high it had reached the day before.
In view of the somewhat weak US stock markets, the Dax closed on Friday 0.03 percent in the red at 17,936.65 points.
Frankfurt/Main - The MDax, the index of medium-sized stocks, fell by 0.75 percent to 26,064.14 points.
On Friday, options and futures on indices and individual stocks expired on the futures exchanges, which could result in large price fluctuations for individual stocks.
The day before, after the record in the Dax at a good 18,039 points, unexpectedly significant increases in US producer prices had rekindled concerns about inflation and further dampened hopes of interest rate cuts.
According to market analyst Jochen Stanzl from the trading company CMC Markets, only a slim majority of the market now expects the first interest rate cut in the USA in June.
The tension ahead of the US Federal Reserve's key interest rate decision next week is increasing because people are hoping for signals of possible easing.
Among other things, hopes of interest rate cuts had kept the rally in the Dax alive in the past few months.
Since the turn of the year, the stock market barometer has gained 7.1 percent, and on a weekly basis the German leading index has increased by 0.69 percent.
dpa