Investors on the German stock market waited for a moment after two days of gains on Wednesday. Before the German consumer price data, the leading index Dax hovered around the breakeven point in the first few minutes of trading. Most recently, at 15,925.75 points, it was 0.03 percent below the previous day’s level. Nothing came of the strength expected before the market and a further approach to the 16,000 point mark. The monthly balance for August remains negative at around three percent.
Investors on the German stock market waited for a moment after two days of gains on Wednesday. Before the German consumer price data, the leading index Dax hovered around the breakeven point in the first few minutes of trading. Most recently, at 15,925.75 points, it was 0.03 percent below the previous day’s level. Nothing came of the strength expected before the market and a further approach to the 16,000 point mark. The monthly balance for August remains negative at around three percent.
For the MDax of medium-sized titles, things went down a little clearer by 0.21 percent to 27,607.54 points in the middle of the week. The leading eurozone index, the EuroStoxx 50, was just in the red.
The day before, unexpectedly weak economic data from the USA had revived hopes of an interest rate pause by the US Federal Reserve in September. The course of the day could show whether the interest rate pressure in the euro zone will ease. After the first signals from the federal states, the German consumer prices for August will be announced in the afternoon. Experts expect an increase in the monthly comparison, which was underpinned by the first figures from North Rhine-Westphalia in the morning.
Source: Stern
