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ROUNDUP / Frankfurt Stocks End: Profits – But central banks are unsettling

Thursday, 12/16/2021 6:22 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.

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. Because with the move, the key interest rate in the US rises “faster, but not higher in the long term,” as DZ Bank analyst Birgit Henseler 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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The shares of the Austrian technology company S&T collapsed after criticism from the investment firm Viceroy, which belongs to the short seller and punter Fraser Perring, by almost 30 percent and sank to the lowest level since mid-2017 related.

The most important index of the Eurozone, the EuroStoxx 50 , closed 1.01 percent higher to 4201.87 points, and Paris and London also went up. In the USA, however, the picture was mixed at the close of the European stock market: During the Dow Jones Industrial rose by 0.5 percent, the technology-heavy Nasdaq stock market fell by more than one percent.

The Euro Cost was $ 1.1305 in the early evening. The ECB set the reference rate at 1.1336 (Wednesday: 1.1262) dollars (dollar rate). The dollar cost 0.8822 (0.8879) euros. On the bond market, the current yield rose from minus 0.44 percent the previous day to minus 0.42 percent. The Rex pension index fell 0.09 percent to 145.43 points. The Bund future (March contract) fell by 0.07 percent to 174.08 points./ck/men

— By Claudia Müller, dpa-AFX —

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