The rollercoaster ride on the stock market triggered by the US inflation data on Tuesday afternoon ended the leading index Dax just in the red. The discount was 0.11 percent at 15,380.56 points. The MDax of medium-sized stocks fell by 0.62 percent on Tuesday to 28,331.36 points. Trading was turbulent after the data was published, and there was no clear direction. Market participants clearly found it difficult to interpret the data.
The rollercoaster ride on the stock market triggered by the US inflation data on Tuesday afternoon ended the leading index Dax just in the red. The discount was 0.11 percent at 15,380.56 points. The MDax of medium-sized stocks fell by 0.62 percent on Tuesday to 28,331.36 points. Trading was turbulent after the data was published, and there was no clear direction. Market participants clearly found it difficult to interpret the data.
Although high inflation continued to weaken in the USA, it fell only slightly at the beginning of the year. “The cow is far from off the ice,” commented analyst Konstantin Oldenburger from broker CMC Markets. The rate of decline in the inflation rate is not sufficient to give the all-clear for the rest of the year.
Source: Stern
