Dusseldorf The Dax is a rollercoaster on the German stock market. After significant gains in the first few hours of trading, the index slipped over 200 points after new data on US inflation, but was able to reverse this downward trend again. The index is currently up 0.2 percent and is trading at 15,534 points.
With today’s daily high in the form of 15,634 points, the highest level in this still young stock market year was only 25 points away. However, it would have been a surprise if the leading index had passed the 15,658 point mark.
The reason for the slide into the red was the US producer price index, an inflation indicator that shows wholesale prices. It rose 0.7 percent in January, beating the Dow Jones consensus forecast of a 0.4 percent rise.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
Web and in our app — 4 weeks for €1.
Further