Home
News
默认头像

DAX Marginally Higher In Cautious Trade

2024-12-30iFOREXiFOREX
German stocks were little changed on Friday as investors continued to monitor the latest political developments in France and South Korea, and awaited the release of U.S. payrolls data later in the day that could alter"/> <meta property="og:site_name" content="Myfxbook.com
DAX Marginally Higher In Cautious Trade

(RTTNews) - German stocks were little changed on Friday as investors continued to monitor the latest political developments in France and South Korea, and awaited the release of U.S. payrolls data later in the day that could alter the odds of a Federal Reserve rate cut later this month.

Traders currently price in a 68 percent chance of a rate cut at the December policy meeting.

Closer home, the European Central Bank (ECB) meets next Thursday for the last time in 2024 and economists overwhelmingly expect another 25-basis-point rate cut - which would be the fourth such move this year.

The benchmark DAX was up 23 points, or 0.1 percent, at 20,382 after gaining 0.6 percent the previous day.

Disclaimers

The article is sourced from myfx with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.