For the first time in history, the DAX was able to reach the 27,000 point mark on Thursday. The new record high is a reflection of a renewed appetite for risk, fueled by a tri-fold combination of falling oil prices, solid corporate results, and emerging economic optimism. In the US, inflation concerns in particular have fueled new interest rates concerns. The resignation of NVIVIDA CEO Jensen Huang caught investors off guard at the same time. However, after losses of between double-digit percentages, the situation seems to have settled down for now.
DAX
US inflation higher than expected – interest rate hike possible at December meeting
US consumer prices rose by 0.4 percent in October compared to the previous month, after economists had expected an increase of 0.3 percent beforehand. In the comparison month, the inflation rate had already risen by 0.6 percent.
The annual monthly rate was consequently not published due to the shutdown in the fall of 2025. At that time, several authorities had suspended their work.
The higher-than-expected inflation rate may have given the US Federal Reserve (Fed) arguments to adjust the key interest rate upwards at its December meeting (09.12.). According to the „Fed-Watch-Tool“, 87.4 percent of market participants currently expect a total interest rate hike of a quarter of a percentage point. 12.6 percent even expect a big interest rate hike of 50 basis points.
US producer prices in focus this afternoon – Further monetary policy impulses conceivable
Accordingly, investors are still awaiting US producer prices this Friday afternoon, which are expected to provide monetary policy impulses.
Dow Jones Industrial Average Index
