Dusseldorf The German stock market breaks off its recovery attempt this Tuesday: After a friendly start to trading, the Dax quickly gives up its gains and closes one percent lower at 12,670 points in the evening. The daily high is 12,937 points.
The indications from the USA were also negative: the most important indices – the Dow Jones, S&P 500 and Nasdaq – were down in trading. Once again, the focus of international investors today is on the two-day meeting of the US Federal Reserve (Fed), which begins this Tuesday. The currency watchdogs will announce their future monetary policy course on Wednesday.
They are faced with a difficult task, as Konstantin Oldenburger, analyst at brokerage house CMC Markets knows: “The stock market is currently having to process a cocktail that is doubly toxic.” Because while the economy continues to weaken, according to Oldenburger, the central banks must do everything they can to curb stubborn inflation to contain Avoiding a recession seems almost impossible.
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