The change of course by the European Central Bank had a direct impact on the German stock market. The leading German index, the Dax, fell by a whopping 1.71 percentage points. It is the third trading day with losses since Pentecost. The ECB plans to raise interest rates by 0.25 percent in July.
The interest rate hike announced by the European Central Bank (ECB) led to losses on the stock market on Thursday. The leading German index, the Dax, fell by 1.71 percent to 14,198.80 points. After the strong Whit Monday, it was the third trading day in a row with losses. The MDax fell below the 30,000 mark with a discount of 1.75 percent to 29,649.89 points.
Interest rates in the euro zone are still unchanged, but in July the ECB intends to raise interest rates by 0.25 percentage points for the first time in eleven years. An even larger rate hike could follow in September.
A vehicle crashed into a crowd near Breitscheidtplatz in Berlin-Charlottenburg. One person was killed and 14 people were injured, some of them life-threatening. A suspect was arrested.
