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Monday, January 30, 2023

Stock exchange in Frankfurt: Dax directionless before inflation data for November

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The Dax remained directionless on Tuesday between moderate gains and losses. After a friendly start to trading, profit-taking set in. At lunchtime, the leading German index rose by 0.18 percent to 14,408.65 points.

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The Dax remained directionless on Tuesday between moderate gains and losses. After a friendly start to trading, profit-taking set in. At lunchtime, the leading German index rose by 0.18 percent to 14,408.65 points.

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The hope that the Chinese government could relax its zero-Covid policy has not been fulfilled for the time being. In addition, there is increasing nervousness ahead of the inflation data for Germany due in the early afternoon.

According to market expert Andreas Lipkow, these data are particularly important following the recent statements by ECB Chairwoman Christine Lagarde. They could provide decisive impulses as to whether the Dax drifts into a correction phase or whether it is still going up, as Jürgen Molnar, capital market strategist at RoboMarkets, suspects.

Source: Stern

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