Dusseldorf A series has come to an end on the German stock market: the leading index Dax made four consecutive weeks of gains before ending the past week with a minus of 1.8 percent. The stock market barometer has thus moved away from the psychologically important mark of 14,000 points – and could continue to fall in the coming week.
The mood on the market has deteriorated significantly again due to record high producer prices and statements by US central bankers after investors had primarily looked at the positive news for a month: Inflation in the US rose more slowly than feared, which is why less sharp interest rate hikes were expected became. Added to this was the reporting season for the second half of the year, which was also better than feared so far.
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