The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf After rising by more than 800 points since the end of November, the Dax is looking for direction again. Apparently, investors do not want to position themselves clearly ahead of the big events of this trading week. The good news: There should be a new direction by Monday next week at the latest.
However, high US inflation data ensure in afternoon trading that the Dax slips by 0.6 percent to 15,522 points. US producers raised their prices at record speed in November, sending a clear signal of heightened risk of inflation. The producer prices rose by 9.6 percent compared to the same month last year. There has not been a stronger increase since these statistics began eleven years ago.
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