The leading German index had reached several new record highs in the last year of the stock market.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf As soon as the German stock market has ended its short-term downtrend, the mood is again friendly: the Dax topped the 16,000 point mark at the start of trading. In the afternoon, the Frankfurt benchmark was at 16,017, an increase of 0.5 percent.
The US inflation rate, which was published at 2:30 p.m. Central European Time, did not have a major impact on share prices. With an increase of seven percent for the month of December, the forecast was met exactly. Without fluctuating components such as energy and food, consumer prices rose by 5.5 percent year-on-year. Analysts had expected 5.4 percent. It is the highest core rate since February 1991. In November it was 4.9 percent. A greater deviation from the consensus estimates would have had the potential to shake up stock prices.
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