Frankfurt, Dusseldorf The leading German index has had a trading day with little momentum: On Tuesday, the Dax closed 0.3 percent down at 16,039 points.
The main reason for the small movements may have been the public holiday in the USA. The stock exchanges there remained closed, which also affects the German market, because US players also play an important role in this country.
On Wednesday, the Dax tended to be slightly negative at 16,108 points on off-exchange platforms before the start of trading. Dates on the economic situation in Germany, Europe and the USA are on the agenda over the course of the day. In Germany, the focus is on the purchasing managers’ index for the service sector, with analysts anticipating a slight downturn. The corresponding value for the euro zone is also published.
Data on the producer price index in the euro zone will then follow at 11 a.m., which is considered an indicator of the development of inflation.
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