Dusseldorf The search for a new medium-term trend continues on the German stock market. Things are going down this Wednesday, with the Dax falling by 0.4 percent to 15,654 points by the end of trading. The trading day ended on Tuesday with a loss of 0.5 percent.
During today’s trading day, the stock market barometer slipped to a new September low, which is now at 15,564 points. So far, the stock market year 2023 has been a positive one: despite all the fears of recession, the leading German index is still up twelve percent since the beginning of the year.
With today’s release of the inflation rate, the fears have come true. 0.6 percent is the highest monthly rate since June of last year. Core inflation, which does not take volatile food and energy prices into account, is in the more tolerable range at plus 0.3 percent. The significantly lower core inflation could persuade the US Federal Reserve to stick to its plan to pause interest rates despite the new data.
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