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If you wish to open an account in an EU investment firm and protected by EU laws, you will be redirected to Ultima Markets Cyprus Ltd (the “CIF”), a Cyprus investment firm duly licensed and regulated by the Cyprus Securities and Exchange Commission with license number 426/23.
The DAX 40 in Frankfurt overturned initial downtrends, escalating by 0.14% to hit a record peak of 17,868 points. The European Central Bank’s choice to keep interest rates at unprecedented highs and significant decline in impending inflation predictions stimulated possibilities of a near-term rate reduction, potentially by June.
On the flip side, Hugo Boss individual shares plummeted 11%, making it the lowest-ranked on the index after the German fashion company projected an underwhelming operating profit for 2024. Simultaneously, auto parts supplier Continental signaled escalating costs and a stagnant car market for 2024. Merck is expecting a modest operating earnings increase this year, while Lufthansa’s operating profit reached €2.7 billion for 2023 as predicted, forecasting that 2024 will yield similar returns. Finally, German industrial orders dipped by a whopping 11.3% in January after a 12% boost in December, surpassing the anticipated 6% decrease.
Optimism pervaded Europe as the STOXX 50 surged over 1%, soaring to a pinnacle not seen in more than 23 years at 4,980 points. Concurrently, the broader STOXX 600 ascended by over 1%, breaching the 500 threshold for the inaugural time.
(Germany DAX Index Yearly Chart)
(STOXX 50 Index Yearly Chart)
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
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Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You do not own or have any rights to the assets that underlying the derivatives (such as the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions.
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Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission "FSC" of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
HuaPrime EU Ltd, registered number HE423188, and with a business address at Georgiou Griva Digeni 122A, Kallinicos Court, Shop 1—Upper level, Neapolis, 3101 Limassol, Cyprus, is regulated by the Cyprus Securities and Exchange Commission, which has CIF license number 426/23.
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