Frankfurt Despite recession forecasts by the Federal Minister of Economics, the German stock market remains stable this Wednesday. In the late afternoon, the leading index Dax was 0.3 percent higher at 12,257 points. At the start of the trading day, the Frankfurt benchmark was initially in the red. However, he stabilized as time went on.
The reason for this was good figures from the euro zone: According to the statistics agency Eurostat, industrial production in the euro zone grew by 1.5 percent in August compared to the previous month. Experts had expected another decline. In July, the minus was 2.3 percent.
The Euro Stoxx 50, made up of the large listed companies in the euro area, lost 0.3 percent. The MDax of medium-sized German companies is down 0.1 percent at 22,146 points.
On Tuesday, the Dax closed 0.4 percent lower at 12,220 points. The price gains from the first strong days of October have largely been wiped out.
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