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 opened on Thursday with a minus of 0.8 percent at 12,085 points. After the losses of the past few days, investors remain skeptical.

On Wednesday, the leading index of the German stock exchange slipped to a new low for the year, but then stabilized again above the 12,000 point mark. The reason for this was bad economic data and a rising gas price as a result of the possible sabotage of the Nord Stream pipelines.

The IPO of the sports car manufacturer Porsche is the largest initial public offering (IPO) in Germany since Telekom in 1996. Accordingly, the markets had been watching the books fill for weeks.