You are visiting the website that is operated by Ultima Markets Ltd, a licensed investment firm by the Financial Services Commission “FSC” of Mauritius, under license number GB 23201593. Please be advised that Ultima Markets Ltd does not have legal entities in the European Union.
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.
On Thursday, February 15, the DAX index in Frankfurt reached a groundbreaking record as it climbed 0.6% higher to settle at 17,047. This record-breaking high was bolstered by a succession of promising corporate earnings and optimistic comments from the President of the European Central Bank, Christine Lagarde.
Lagarde acknowledged the latest economic data from the eurozone which suggested that inflation appears to be on the course to align with the projected target levels. However, she reinforced the necessity of gathering more information, with a particular focus on wage trends, before any contemplation about alterations to interest rates could be made.
On the corporate front, Commerzbank’s shares rose 5.5% after the bank proudly announced its most significant profit in 15 years for 2023. This impressive achievement signifies a substantial 55% increase compared to the bank’s profit the prior year. Moreover, automobile industry powerhouses have shown noteworthy performances. Mercedes and BMW have each accumulated close to a 2% increment. However, it wasn’t all an upward trend as Airbus experienced a 1% decline despite releasing strong corporate earnings and declaring a special dividend.
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.
Ultima Markets provides the foremost competitive cost and exchange environment for prevalent commodities worldwide.
Start TradingMonitoring the market on the go
Markets are susceptible to changes in supply and demand
Attractive to investors only interested in price speculation
Deep and diverse liquidity with no hidden fees
No dealing desk and no requotes
Fast execution via Equinix NY4 server