Dusseldorf At the start of the week, the German stock market is giving up part of its gains from Thursday and Friday. However, there are no buyers for further price increases before the US Federal Reserve meeting on Wednesday. The German leading index Dax was down 0.8 percent at 15,769 points on Monday afternoon.
The economic situation is once again proving to be a burden. According to the Bundesbank, the economic crisis in Germany is extending. “Economic output is expected to shrink slightly in the third quarter of 2023,” says the monthly report published on Monday.
This would mean that the growth-free phase of Europe’s largest economy would be extended again: gross domestic product had already shrunk at the end of 2022 and the beginning of 2023 before it stagnated in the spring. In August, the Bundesbank estimated that the economy would largely stagnate in the summer.
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