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. After the data was published, the stock market barometer fell by almost 2.3 percent or around 270 points to 12,083 points and was thus 0.7 percent in the red.

The inflation rate for goods and services fell to 8.2 percent in September from 8.3 percent in August, the Labor Department in Washington said. Shortly before the data was announced, the leading German index was still at 12,351 points and was thus clearly in the plus.

The US Federal Reserve is fighting high inflation with unusually strong interest rate hikes recently. Another XXL move is expected on the financial markets in early November. Economists had expected the inflation rate to fall more sharply from 8.3 to 8.1 percent.