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 is currently back at 14,340 points, an increase of 0.5 percent.
US producer prices, the main indicator of inflation, rose 0.3 percent in the third month and were 7.4 percent higher than a year earlier. According to the Bloomberg survey, economists expected an increase of 0.2 percent in November and 7.2 percent year-on-year. With this data, a significant fall in consumer prices has become less likely.
Producer prices are the start of a series of landmark dates through to the end of next week. With the consumer prices on Tuesday, the US interest rate decision on Wednesday, the ECB meeting and the big expiration day on Friday, known as the Witches’ Sabbath, it is difficult to imagine that the Dax will continue to trade in its four-week sideways range afterwards.
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