Dusseldorf Investors on the German stock market had been waiting for the publication of US inflation data. The reaction to the numbers: The Dax is currently up 0.2 percent and is trading at 15,430 points, around 40 points below the level before the publication.
However, trading was turbulent: in the meantime, the leading index slipped below the 15,400 mark after the publication of consumer prices, only to then rise to 15,526 points. The trading range was around 140 points within a few minutes.
The figures for the month of January were anything but encouraging. US consumer prices rose 0.5 percent month-on-month and 6.4 percent year-on-year.
Economists polled by the Wall Street Journal had expected annualized inflation to slow further. They estimated that consumer prices in January as a whole would increase by just 6.2 percent year-on-year.
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