German stocks rose on Thursday as investors reacted to the FOMC meeting minutes released overnight and a slew of encouraging earnings results.
Following the release of the minutes from the U.S. central bank’s Jan 31-Feb 1 policy meeting, Fed funds futures now price in three more quarter-percentage-point rate hikes at upcoming meetings this year
The benchmark DAX was up 0.7 percent at 15,510 after finishing marginally higher on Wednesday.
Freenet AG, a telecommunications and web content provider, rose about 1 percent after posting EBITDA growth of 7.0 percent in financial year 2022.
Reinsurer Munich Re plunged 5.2 percent despite delivering a surprisingly strong annual profit in a difficult year for the industry.
Krones AG added 2 percent after reporting a rise in preliminary earnings and revenue.
Market Analysis
DAX Gains As Investors Digest Fed Minutes
2023-02-23 08:59:26
