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Frankfurt Stock Exchange Opens: Hardly Changed Ahead of Fed Monetary Policy Signals | 07/28/21

Frankfurt (dpa-AFX) – After two days of weakness, little changed in early trading in the Dax (DAX 30) on Wednesday. The main index fell 0.04 percent to 15,513.28 points. The MDAX index of medium-sized shares rose 0.25 percent to 35019.13 points. EuroStoxx 50 (EURO STOXX 50) went up right away. The focus is on the quarterly numbers of companies and, in the evening, the US Federal Reserve (Fed) with its monetary policy decisions.

Despite the high inflation rates, the Fed is unlikely to reverse the direction of its monetary policy yet. According to economists, there should not yet be a clear sign of reducing bond purchases. However, discussions in the MPC about exit should continue. The key rate range is likely to remain at 0.0 to 0.25 percent.

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