The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf After the announcement of the high US inflation rate, the German stock market is clearly falling. The Dax therefore lost more than 200 points within a few minutes and slipped to 12,633 points. In the meantime, the leading index has been able to recover somewhat and is down 1.6 percent in the afternoon at 12,694 points, a loss of around 210 points.
US inflation rose 9.1 percent year-on-year. Economists polled by Bloomberg had expected inflation to hit a new 40-year high of 8.8 percent. The 9.1 percent should now confirm the central bank in its announced policy of increasing interest rates.
For the capital market expert Thomas Altmann, “the worst fears have come true”. For the first time since 1981, US inflation has a nine before the decimal point. This means that the upward trend in prices in the world’s largest economy is continuing unabated.
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