Dax falls after inflation figures from the United States in the red

Frankfurt The leading German index Dax reacted to the latest figures on inflation in the USA on Thursday afternoon with significant price losses. The stock market barometer turned sharply into the red and was last listed 1.4 percent weaker at 12,001 points. This puts the low for the year of 11,863 points in sight.

Shortly before the US inflation figures, the Dax was still clearly in the plus, close to its daily high of 12,369 points, which it had reached around 1:45 p.m. After the disappointing data was published, the index lost more than 350 points or around three percent within a short time.

US goods and services inflation fell to 8.2 percent in September from 8.3 percent in August, the Labor Department in Washington said. However, economists had expected a sharper drop in the inflation rate from 8.3 to 8.1 percent. In fact, core inflation excluding energy and food was at its highest level since 1982 in September.

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

source site-11