Dusseldorf New data on the Chinese economy and a weak US stock market weighed on the German stock market on Wednesday. The Dax loses 1.7 percent shortly before the end of trading and is traded at 15,640 points, a minus of around 270 points. This indicates a small loss for the leading index in May.
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.
This is the lowest value since March 2022. In April, the inflation rate was still 7.2 percent. Economists surveyed by the Reuters news agency had only expected a decline to 6.5 percent.
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