Frankfurt The next attempt at recovery on the German stock market failed on Tuesday. After the Dax had peaked at 12,414 points in the morning, the leading German index then gave up its gains again. In the afternoon it was down 0.2 percent at 12,205 points.
Sentiment was weighed down by the report that US industry also recorded a drop in orders in August. Orders for durable goods such as airplanes and machinery fell 0.2 percent from the previous month, according to the Washington Department of Commerce. However, this was a lower decline than experts had expected at minus 0.4 percent.
On the other hand, there was a surprisingly large increase in orders of 1.3 percent for capital goods from the non-defense sector excluding aircraft. “Overall, the numbers will probably not stop the Fed from raising interest rates significantly,” said Helaba analyst Ulrich Wortberg.
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