Home » News » Inflation is no longer a price driver after the previous day’s rally By dpa-AFX

Inflation is no longer a price driver after the previous day’s rally By dpa-AFX

The main industrial index, which has been lagging in a recent recovery, rose 0.13 percent to 39,818.27 points after half an hour of trading. Other indices had better runs in the past few days and were now just in the red. The market breadth fell 0.13 percent to 5,427.39 points in early trade. For the market, which is dominated by large technical stocks, it fell 0.43 percent to 18,924.46 points.

Consumer prices rose 2.9 percent in July compared to the same month last year, after the previous month’s rate of 3.0 percent. Economists expected no change. “Overall, it is likely that the interest rate cut expectations, which can be described as elevated, will not be reduced,” wrote economist Ralf Runde of the Landesbank Hessen-Thüringen.

2024-08-14 14:11:00
#Inflation #longer #price #driver #previous #days #rally #dpaAFX

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