The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt So far, investors have been holding back on the German stock market in Thursday trading. In the morning, the German leading index Dax was slightly up at 12,199 points and thus almost unchanged compared to the previous day’s close. Measured against the top in January, the Dax is more than 4,000 points or around 25 percent lower, but only slightly above the low of just under 12,000 points reached at the end of September.
Traders attributed the cautious trade to US inflation and jobs data due out later this afternoon. High inflation could indicate that the US Federal Reserve will raise interest rates a fourth time at its next meeting in early November.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue