Frankfurt The German stock market remained without a clear direction on Wednesday: After the leading index Dax was initially slightly in the red, it turned positive after the publication of the EU industrial production data. After the publication of the federal government’s economic forecast, the leading index fell again: in the late afternoon it was 0.2 percent lower at 12,189 points.
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 1.1 percent at 21,946 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 after five weak trading days.
So far, the psychologically important mark of 12,000 points has held. In view of the mixed trading days on Wall Street, that’s astonishing, says Thomas Altmann, portfolio manager at QC Partners.
Top jobs of the day
Find the best jobs now and
be notified by email.
Fed minutes in focus
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue