We witnessed another act of the drama called “first raise of the rates” and there is still any result. Investors would probably prefer that it would finally happen. Markets would discount it and the same as with Grexit case they could find another topic. That didn’t happened, despite the fact that many economists gave more than 50% chance of raising rates in September. Only one FED member voted for raise, 9 was against. Next act of drama on October 28th.
On Thursday German indices ended with gains: DAX +0,02%, MDAX +0,04%, SDAX +0,15%, TECDAX +0,85%. Exactly half of companies on DAX30 had profit yesterday. In last few days energetic sector was harmed, but after yesterday’s words of minister that government will not change nuclear law companies from this sector finally gained: RWE +9,02%, E.ON +8,00%. The biggest loss had Henkel -1,82%.
Before FED decision S&P500 tested 2000 level. One hour after decision it reached 2020 pts but then dropped to 1990 pts. After this decision I was expecting gains on DAX but strengthening of EURUSD can destroy plans of German investors.
