The Dax returned briskly above the 15,000-point mark on Tuesday. The recovery that had begun the day before after the initial shock in connection with the necessary Credit Suisse bailout continued the day before the US interest rate decision. In early trading, the leading index gained 1.25 percent to 15,119.69 points. The M-Dax gained 0.96 percent to 26,847.92 points and the leading eurozone index EuroStoxx 50 even rose by 1.3 percent.
In the wake of the continuing uncertainty in the European banking industry, the Dax had fallen to its lowest level since the first days of the year at the beginning of the week. However, he then managed an impressive recovery by more than 500 points at times and closed clearly in the plus. In the banking sector, too, relief over the rescue of Credit Suisse ultimately prevailed.
The prospect of a slowdown in interest rate hikes by the US Federal Reserve was also seen as a factor that attracted investors again. When the Fed announces the interest rate decision on Wednesday, the monetary authorities are likely to become more cautious because of the recent turmoil in the banking sector, so the belief.
According to Commerzbank, the market is no longer even pricing in an interest rate hike of 25 basis points, but sees only a small opportunity for it.