Dusseldorf The US producer prices bring new impetus to trading on the German stock market. After the data was published, the Dax immediately slipped 170 points to 14,217 points. But the many buybacks ensured that the leading index ended the week at 14,371 points, a daily increase of 0.7 percent.
US producer prices, the main indicator of inflation, rose 7.4 percent from the same month last year after an upwardly revised 8.1 percent in October. Economists had expected an increase of just 7.2 percent year-on-year.
For the capital market expert Thomas Altmann from the investment house QC Partners, however, “a closer look shows that the data is not bad news at all. Because the direction is right”. Producer prices are rising more slowly. The November data may not have been the big liberation that many were hoping for. “But the data is at least good enough not to put any new pressure on the US Federal Reserve,” says Altmann.
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