11 January, 2019
The GER30 grew higher by close of business on Thursday at 10921.59 after global markets were boosted by the publication of the Fed’s minutes of their last meeting. The minutes noted low inflation meant that the Fed can “afford to be patient about further policy firming”. Even more striking, the minutes revealed that at the December meeting, some policymakers opposed a rate hike, arguing that inflation was too low to warrant higher rates. The new dovish stance from the Fed has relieved investors and helped stabilize the stock markets. The winners of the session included Fresenius SE, up 2.01%, E ON SE, gaining 0.96% and Deutsche Telekom, climbing 0.07%. Among the losers were Lufthansa, down 2.74%, Covestro, falling 2.63% and Fresenius ST, dropping 1.23%.