Dax 40 Update – December 20-2023

The Dax 40 index ended unchanged at 16,733 on Wednesday, reflecting a quiet day in European stock markets as investors continued to ponder over Europe’s monetary policy future. In Germany, producer prices dropped more than anticipated last month, and consumer confidence showed a small improvement. These factors led to a minor decrease in Bund yields. Siemens Energy was the top performer, increasing almost 3%, with Fresenius not far behind, rising 2.5%. Conversely, Deutsche Post saw a 1.9% fall following FedEx’s announcement of a reduced yearly revenue forecast and a quarterly profit that didn’t meet expectations.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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