Frankfurt The sad record in the inflation rate weighs on the mood on the stock market. The Dax temporarily fell to 12,815 points on Wednesday. After the first inflationary shock had been digested, the index initially fully recouped its losses. The initially friendly opening on Wall Street also helped. However, when the profits on the US stock exchanges fizzled out, the Dax also fell more sharply. It finally ended trading one percent lower at 12,835 points.
In early trading, the stock market barometer had regained the 13,000 point mark – but only for a short time.
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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