Cheered By Fed’s Posture, DAX 30 Roaring Ahead– Index Call Options Looking Positive
Following a surge in Asian stock markets, European shares rallied on Thursday amidst indications of a continuation of accommodative monetary policies by central banks around the world. The U.S Federal Reserve continued to maintain a pause in its path towards monetary policy normalization. The central bank at did not make any changes to its benchmark rate at the September meeting.
Risk appetite was boosted in the early hours of the European session, with all major bourses trading higher. Germany’s DAX 30 was at the top of the pile, up nearly 2% on the day so far. All 30 index constituents are in positive territory.
Manufacturing companies, especially car producers topped the market today. Shares of BMW and Daimler AG are standing out so far, rising more than 3% each.
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