Frankfurt Before the publication of several economic data, investors on the German stock market initially behaved defensively on Wednesday: The leading German index was down 0.4 percent in the morning at 12,169 points.
On Tuesday, the Frankfurt benchmark had already closed 0.4 percent lower at 12,220 points. The price gains from the first strong days of October have largely been wiped out.
On this trading day, the focus is once again on the psychologically important mark of 12,000 points. Although the past five trading days have been weak, the mark has held up so far. In view of the mixed trading days on Wall Street, that’s astonishing, says Thomas Altmann, portfolio manager at QC Partners.
Investors are focusing on data this Wednesday that provide information about further economic development in Germany. Investors will listen carefully when Federal Economics Minister Robert Habeck (Greens) presents the federal government’s autumn projection for 2022 and 2023 at noon.
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