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Frankfurt shares end: profits – but ‘monetary policy patchwork’

Thursday, 12/16/2021 5:58 PM from

dpa-AFX

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The Frankfurt skyline in the afterglow (symbolic picture). © jotily / iStock / Getty Images Plus / Getty Images

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FRANKFURT (dpa-AFX) – The monetary policy course of the US Federal Reserve (Fed) to combat inflation was well received on the stock exchanges on Thursday. Nevertheless, profits crumbled in the course of trading, because further central bank decisions in China, Great Britain and the euro zone caused new uncertainty, according to market analyst Jochen Stanzl from CMC Markets.

The Dax , which at times came close to the 15,800 point hurdle again, ultimately increased by 1.03 percent to 15,636.40 points. With this, the leading index managed to jump over the 200-day line, which technically signals the long-term trend, but in the medium term there are still hurdles to overcome. The MDax the medium-sized stock market ended the day with a premium of 0.41 percent to 34,472.94 points, and stock exchanges across Europe also made gains.

In the US, the Fed wants to get out of its extremely loose monetary policy faster than previously intended and has indicated three rate hikes for the coming year. This gives way to an important element of uncertainty. This is because the key interest rate in the US is rising “faster, but not higher in the long term,” as analyst Birgit Henseler from DZ Bank commented. The Fed wants to “act sooner” so that “it no longer has to be more aggressive on the brakes” later.

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