INSUBCONTINENT EXCLUSIVE:
The DAX index in Frankfurt hit a new high.This happened as investors waited for inflation data
They believe this data will guide future decisions on interest rates.The STOXX 600 index rose slightly by 0.18% to 496.33
A 1.7% increase in the mining sector helped this rise.This sector bounced back from its lowest point in four months
It rose with the price of metals.Tech stocks also went up by 1%
This is their highest point since December 2000.Stocks in Europe Climb, Led by Tech and Mining; German Shares Reach Peak
(Photo Internet reproduction)The DAX index in Frankfurt did better than other regional indexes
It will gain 4.8% in 2024.The STOXX 600 is up almost 4% this year
This follows a near 13% rise in 2023
Investors are now focusing on important inflation figures from the eurozone and the US.Last week, excitement about artificial intelligence
(AI) brought the STOXX 600 to a record level.Market Insights and Sector TrendsSteve Sosnick, a chief strategist, notes the market has high
Yet he agrees with the current outlook for a cut in June, based on inflation and economic trends.Erik Thedeen, from the European Central
Bank, hints at a possible rate cut in early 2024
This is due to decreasing inflation.The healthcare sector saw a slight drop of 0.1%
Novo Nordisk, the company behind Wegovy, saw its shares fall by 4.5% in the day but ended 1.2% lower.In London, the Financial Times index
This impacts investment decisions and economic forecasts worldwide.
