After the recent strong price recovery, the most important indices on the German stock market fell back somewhat on Wednesday. The Dax fell by 0.31 percent to 15,185.23 points in the first few minutes of trading. The day before, the leading German index had made up for a large part of its high price losses from the start of the week, when it fell below the 15,000 point mark for the first time since the end of January.
After the recent strong price recovery, the most important indices on the German stock market fell back somewhat on Wednesday. The Dax fell by 0.31 percent to 15,185.23 points in the first few minutes of trading. The day before, the leading German index had made up for a large part of its high price losses from the start of the week, when it fell below the 15,000 point mark for the first time since the end of January.
Before the meeting of the European Central Bank (ECB) on Thursday, investors are likely to hold back for the time being given the turbulence of the past few days on the stock exchange. These had been caused by the collapse of several regional US banks and concerns of spillover to the broader sector. At the moment, the hope prevails on the floor “that these are limited and manageable individual cases,” wrote stock market expert Thomas Altmann from asset manager QC Partners.
The MDax index for medium-sized companies also went down again on Wednesday morning, losing 0.46 percent to 27,650.60 points. The EuroStoxx 50, the leading index in the euro zone, was 0.44 percent lower at 4161.21 points, and had also recovered significantly the day before. In the course of trading, the focus is on producer prices in the USA from February, they are considered another important indicator for the monetary policy of the US Federal Reserve.
Source: Stern
