After falling to its lowest level since November 2020, the Dax made an attempt to stabilize on Wednesday. In contrast to the two previous days, the leading German index held its ground after a friendly start.
After falling to its lowest level since November 2020, the Dax made an attempt to stabilize on Wednesday. In contrast to the two previous days, the leading German index held its ground after a friendly start.
It crossed the finish line 1.56 percent higher at 12,594.52 points, about halfway through its daily range. The MDax gained 1.40 percent to 24,979.41 points.
After the Dax setback from the previous day to 12,390 points, investors were initially encouraged to take action again. To some extent, the European stock exchanges followed the recovery rally in US tech stocks from the previous day. The fact that the New York stock exchanges started trading on Wednesday with mixed results did not detract from the profits. In New York, the minutes of the meeting of the US Federal Reserve are eagerly awaited.
For weeks, investors have worried that Europe’s heavy reliance on Russian natural gas supplies makes it particularly vulnerable to an energy crisis that, combined with high inflation and rising interest rates, could trigger a recession. Experts are therefore once again questioning the sustainability of the recovery.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
