Dax opens on Porsche’s stock market debut in the red – inflation data in focus

Frankfurt Initial celebratory mood at Porsche, anxious anticipation of September’s inflation figures – in this psychological Spagat, the Dax got off to a weak start again on Thursday morning. In the early afternoon it was down 1.3 percent at 12,014 points.

After the losses of the past few days, investors remain pessimistic. The MDax loses 1.4 percent to 22,011 points and the leading eurozone index EuroStoxx 50 is a good one percent down.

“Rarely have I seen sentiment this bad,” said Neil Wilson, chief analyst at online brokerage Markets.com. The good news is that this signals that the sell-off is nearing an end. The bad news: The timing of the trend reversal is just as unclear as the extent of the damage to investors’ portfolios.

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