Dax gives way – first signs of usual summer setback

Dusseldorf New data on the Chinese economy weighed on the German stock market on Wednesday. The Dax lost 0.9 percent in the afternoon and traded at 15,773 points. This indicates a small loss for the leading index in May.

At the start of trading, the Dax reached its low for the day at 15,735 points, but was still above Friday’s low of 15,720 points. On Tuesday, the Frankfurt benchmark ended trading down 0.3 percent at 15,909 points.

On the other hand, the German inflation rate, which fell to its lowest level in more than a year in May due to falling petrol prices and the introduction of the 49-euro ticket, had no effect on the stock market. On average, consumer prices were 6.1 higher than in the same month last year, as the Federal Statistical Office announced on Wednesday in its first estimate.

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