DAX-Sentiment: We Want a Summer Pause!

25. July 2013 by Gianni Hirschmüller

Investors have learned not to trust rallies like this one

24 July 2013. FRANKFURT (Börse Frankfurt). Fed chief, Ben Bernanke, was once again the catalyst for a stock market rally over the course of the past survey week. His willingness to show some ‘flexibility’ when it comes to tapering the central bank’s monthly asset purchases provided the reassurance equity investors needed to drive the major US indices to new record highs. Bernanke again expressed his disappointment with the labour market, his sanguinity concerning inflation, and his preparedness to act in case rising mortgage rates started to negatively impact the housing market recovery. Everybody knew what that meant: more bond purchases…

Read more at Boerse Frankfurt’s website

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vposted on 25. July 2013 at 5:15 am

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