Frankfurt On Thursday, investors reacted in shock to the high inflation in September and let the Dax fall below the 12,000 mark. The leading German index closed 1.71 percent lower at 11,976 points. The MDax lost 2.4 percent to 21,791 points. The weak development of Wall Street also had a negative effect.
Market expert Andreas Lipkow said: “The Dax is currently being served one big chunk after the other almost every trading day.”
This is not a good omen for future developments and puts the European Central Bank under further pressure, said Lipkow. According to an initial estimate by the Federal Statistical Office, inflation in Germany has risen to almost ten percent.
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