Dusseldorf On the German stock market, prices give way at the start of the week. In the first hour of trading, the Dax was down 0.2 percent at 14,491 points.
There are still 19 trading days until the end of the year. And there is a high probability that the Dax will trend sideways in the coming days. It takes an extremely positive or negative message to send the leading index in one direction or the other.
Last Friday’s US jobs data was likely the fundamental message for an end to the 2700-point rally since late September. As a result of the strong increase in jobs and the speech by US Federal Reserve Chairman Jerome Powell on Wednesday evening, there are likely to be only minor interest rate hikes in the USA, but for a longer period of time.
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