After the price recovery at the start of the week, the Dax got off to a friendly start on Tuesday. The leading German index advanced by 0.14 percent to 15,722.72 points in the first few minutes.
After the price recovery at the start of the week, the Dax got off to a friendly start on Tuesday. The leading German index advanced by 0.14 percent to 15,722.72 points in the first few minutes.
The MDax of the 60 medium-sized stock market stocks, which had fallen back the day before, also gained a moderate 0.07 percent to 35,823.36 points. For the European benchmark index EuroStoxx 50, the previous day’s profits fell by 0.10 percent.
There’s a little tailwind coming from Wall Street. In the US, the Dow had caught up again at the beginning of the week after five weak trading days and falling back to its lowest level in almost two months. The Dax had also gained the day before. The price gains in New York were followed on Tuesday by a fairly solid development in many trading centers in Asia.
However, observers anticipate little movement in the local markets for the time being ahead of important US inflation data. Consumer prices are an important criterion for the US monetary watchdogs, who meet in the coming week. The meeting is considered particularly important as the Fed recently signaled that it would slow down its bond purchases.
According to stockbrokers, there is currently a consensus on the market that the inflation rate at least did not pick up any further speed in August. “A stabilization of the inflation rate would at least not put the Fed under additional pressure,” believes market observer Thomas Altmann from asset manager QC Partners.
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.
