Dax falls into the red after inflation data – The three scenarios of the ongoing consolidation

Dusseldorf On the German stock market, the Dax has so far successfully tested its eight-week upward trend. The Dax is down 0.2 percent at midday and is trading at 14,357 points. On Monday there was a minus of 1.1 percent with a final score of 14,383 points.

German consumer prices have caused the Dax to slide into the red. Inflation in Germany surprisingly eased in November. Consumer prices rose by an average of 10.0 percent compared to the same month last year, as the Federal Statistical Office announced on Tuesday. In October, the inflation rate was 10.4 percent, its highest level since 1951. Economists surveyed by the Reuters news agency had expected the figure to remain unchanged for the month that was coming to an end.

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