The DAX, driven by the prospect of falling interest rates, broke its four-month-old record on Tuesday. The index climbed 0.78% to 16,533.87 points, surpassing the previous high of nearly 16,529 points at the end of July. The year-end rally continues, with the DAX gaining 9.5% in November alone. Since its low point in October, near the yearly low in March, the index has gained 13%. Investors have been motivated by the hope that central banks in the Eurozone and the US have finished raising interest rates and will begin cutting them in 2024. Lower interest rates are expected to provide a boost to the economy, especially as inflation pressures have recently eased. Central banks had to raise interest rates to counteract high inflation, which was partly caused by the increase in energy prices following the Russian attack on Ukraine. Inflation has now significantly decreased in the Eurozone, with consumer prices in November being 2.4% higher than the same month last year, compared to 10.1% a year ago.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries
Sentiment	neutral
Relevance Score	1
People	Kurt Fuchs
Companies	None
Currencies	Bitcoin
Securities	None