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 150 points within a few minutes and slipped to 12,633 points. In the meantime, the leading index was able to recover somewhat and was down 1.6 percent in the afternoon and was trading at 12,694 points, a loss of around 210 points.
As recently as yesterday, Tuesday, the leading index was able to gain 0.6 percent due to a friendly opening on the US stock exchanges and ended trading at 12,905 points. However, prices on Wall Street fell again after the stock market closed in Germany.
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.
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