Dusseldorf The upward trend on the German stock market took a break on Wednesday. The leading index Dax closed 0.6 percent down at 13,257 points after rising to 13,399 points in the morning. This ended a seven-day winning streak.
On Tuesday, the Frankfurt stock exchange barometer was up 0.6 percent at 13,339 points. It had seamlessly followed on from its October rally: since the low for the year in September, the Dax has risen by 1600 points at its peak.
The rally was driven by the hope that the US Federal Reserve in particular would soon tighten its monetary policy less severely. In the run-up to the interest rate decision this Wednesday evening at 7 p.m. German time, investors then remained cautious – also because the private sector in the USA created significantly more jobs in October than expected. This is a sign that the Fed still has room for maneuver in raising interest rates.
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