Dusseldorf After the interest rate decision in the USA, the Dax lost one percent in the first hour of trading and came to 14,315 points. However, the leading index remains in its four-week trading range, which is between 14,584 points on the upper and 14,150 points on the lower side. The breakout attempt last Tuesday due to declining US inflation figures failed.
It is a difficult situation in the market in view of the flood of news with the interest rate decisions of the central banks and the big expiration day on Friday, called the witches’ sabbath.
In addition, there are only eleven trading days left until the end of the year, a date that is particularly important for professional asset managers. So-called “window dressing” usually occurs in the last trading days of the year. By this, stockbrokers understand purchases and sales of shares that have been particularly good or bad to date, in order to look as good as possible in the year-end statement.
Investors brace for consolidation
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