Dusseldorf After initial stabilization tendencies, the German stock market continues to fall. One hour before the end of trading, the Dax slipped 1.4 percent into the red at 13,007 points, 180 points less.
Yesterday, Tuesday, the leading index closed 1.6 percent lower at 13,189 points and was thus in the immediate vicinity of the daily low. Shortly before the inflation data was published, the stock market barometer was still at 13,564 points.
As long as the Frankfurt benchmark stays above the 13,000 mark, the September rally will be a healthy consolidation, despite yesterday’s sharp slide.
The violent reaction on the stock exchanges according to the US consumer price index came as a surprise. Although inflation was 8.3 percent year-on-year above expectations of 8.1 percent, month-on-month prices in August rose only 0.1 percent from July. If this trend continues, inflation should fall significantly.
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