Dusseldorf New inflation data from Germany did not give the Dax any fresh impetus on Tuesday. The leading German index was 0.2 percent lower at 14,355 points at the end of trading. On Monday, the Dax had lost around one percent.
Inflation surprisingly eased in Germany in November. Consumer prices rose by an average of 10.0 percent compared to the same month last year, as the Federal Statistical Office announced on Tuesday. In October, the inflation rate was 10.4 percent, its highest level since 1951. Economists surveyed by the Reuters news agency had expected the figure to remain unchanged for the month that was coming to an end.
According to Thomas Altmann from the investment house QC Partners, today’s inflation data for the stock and bond markets are equally good news. It is now likely that the ECB will hike by “only” 50 basis points in December after two hikes of 75 basis points each.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue