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As the Federal Reserve Board progresses, DAX has a higher edge

German stocks rose on Tuesday as investors waited for the outcome of the Federal Reserve Board’s two-day policy meeting starting today for clues to the central bank’s stance on the recent surge in inflation.

Germany’s harmonious inflation has accelerated for the third straight month, reaching its highest level in almost three years, above the European Central Bank’s target of “below but close to 2%,” according to final Destatis data. Up to.

The consumer price index harmonized index rose 2.4% year-on-year in May, faster than the 2.1% rise in April. The rate was the highest since October 2018, when it was 2.6 percent.

The consumer price index rose 2.5% each year after rising 2.0% in April. Headline inflation has accelerated for the fifth straight month, the highest since September 2011.

Benchmark DAX rose 89 points (0.6%) to 15,762 after closing 0.1% down the day before.

The Lufthansa Group’s share price fell by more than 1%. The airline said it aims to achieve at least 8% adjusted EBIT margin and adjusted ROCE by 2024, excluding at least 10% cash.

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As the Federal Reserve Board progresses, DAX has a higher edge

Source link As the Federal Reserve Board progresses, DAX has a higher edge

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