Frankfurt The sad record in the inflation rate weighs on the mood on the stock market. The Dax fell to 12,814 points on Wednesday. In the afternoon, however, sentiment brightened a little on the prospect of a fairly friendly opening on Wall Street. The Dax limits its minus to just 0.3 percent and is at 12,929 points.
In early trading, the leading index had regained the 13,000 point mark – but only for a short time.
The other European indices are also in the red. The leading euro zone index, the Euro Stoxx 50, also lost 0.5 percent.
Consumer prices in the euro area rose by 9.1 percent in August compared to the same month last year. The inflation rate has never been this high since monetary union came into existence. Economists had previously expected a slightly lower increase from 8.9 to nine percent.
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