Dusseldorf On the German stock market, investors are waiting for the publication of US inflation data. However, there is already a little anticipation: The Dax rose in the morning by 0.3 percent to 13,440 points.
The leading German index has been consolidating since its annual high of 15,658 points last Thursday. There are some signals that this phase is likely to last longer.
Starting from the high for the year, the Dax has only lost around 400 points, a drop of less than three percent. Drops of minus six or seven percent are usual. And after the increase of more than 30 percent since the end of October last year, a correction is looming, a decline of at least ten percent.
The past consolidation in the Dax was in the period from mid to late January. The range at that time was 600 points and, to the surprise of many investors, was resolved upwards with the new high for the year.
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