Dusseldorf The German stock market breaks off its recovery attempt: After a friendly start to trading, Dieder Dax quickly gave up its gains and turned negative in the morning. In the afternoon, the leading index is 0.9 percent lower at 12,691 points. The daily high is 12,937 points.
After initial price losses, a countermovement in the leading German index began shortly before the close of trading on Monday, finally closing 0.5 percent higher at 12,803 points. According to Thomas Altmann, portfolio manager at QC Partners, the Frankfurt benchmark also initially benefited from the positive indications from Wall Street on Tuesday: the leading indices Dow Jones, S&P 500 and Nasdaq ended trading on Monday slightly in the black.
Investors are once again focusing on the two-day Federal Reserve (Fed) meeting, which begins this Tuesday. The currency watchdogs will announce their future monetary policy course on Wednesday.
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