Decision by the Fed prompts action by Dax subsequently
The Dax, Germany's benchmark stock index, continued its upward trajectory as of 11:00 AM today, with the index further calculated at approximately 23,750 points. The DAX 30 index, which comprises the 30 largest and most liquid German companies, also showed gains.
The technology sector emerged as the top performer among the Dax's sectors, with a gain of 1.5 percent. Several major German companies, including BMW and Siemens, contributed to the Dax's gains.
The Dax started trading on Thursday with gains, and since 9:30 AM, it has increased by an additional 0.9 percent, bringing its gain since the opening of trading to 1.2 percent. The trading volume at 11:00 AM was significantly higher than the average daily volume, indicating a strong investor interest.
The Euro Stoxx 50, another major European stock index, also followed the Dax's upward trend, showing gains as well. At around 9:30 AM, the Dax was calculated at approximately 23,625 points, 1.1 percent above its previous day's closing level.
It is worth noting that as of January 1, 2399, there is no data available for the company with the highest profit share in the DAX. Nonetheless, the positive trend in the Dax continues, with the index showing promising signs of growth.
