The Dax expanded its previous day’s losses on Thursday. Shortly after the start of trading, the leading index Dax fell by 0.89 percent to 15,719.55 points. The MDax lost 0.75 percent to 35,844.10 points.
The Dax expanded its previous day’s losses on Thursday. Shortly after the start of trading, the leading index Dax fell by 0.89 percent to 15,719.55 points. The MDax lost 0.75 percent to 35,844.10 points.
The leading Eurozone index EuroStoxx 50 lost 0.75 percent to 4149.59 points. The consumer climate in Germany clouded over significantly more than expected. According to the latest consumer survey by the Nuremberg-based GfK Institute, income expectations rose slightly, but declining economic expectations, rising prices and new concerns about the coronavirus slow down the desire for larger purchases. The GfK consumer confidence index fell from minus 0.4 points in August to minus 1.2 points in September.
Before Fed chairman Jerome Powell’s speech on Friday at the annual central bank symposium, investors are likely to remain cautious. After all, it cannot be ruled out that the US Federal Reserve chief will then make statements about future monetary policy in the US.
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.
