The Dax made little progress on Tuesday shortly after the opening. Weak signals from Chinese industry slowed things down. Strong guidelines from Wall Street thus fizzled out somewhat. The leading German index recorded an increase of 0.10 percent to 14,731 points. The MDax for medium-sized companies rose by 0.51 percent to 23,965 points. The Eurozone leading index EuroStoxx 50 was just up.
The Dax made little progress on Tuesday shortly after the opening. Weak signals from Chinese industry slowed things down. Strong guidelines from Wall Street thus fizzled out somewhat. The leading German index recorded an increase of 0.10 percent to 14,731 points. The MDax for medium-sized companies rose by 0.51 percent to 23,965 points. The Eurozone leading index EuroStoxx 50 was just up.
On Wall Street, the indices recovered from their downturn on Monday. In China, however, the mood in large and state-owned industrial companies there deteriorated in October. China’s stock markets were weak on Tuesday.
In addition to the reporting season, the economic focus on Tuesday will be consumer prices from the Eurozone for October, which economists believe should have fallen. The day before, inflation data from Spain and Germany had already surprised positively, but ultimately did not drive the stock market, but at best supported it.
Source: Stern
