The DAX started Wednesday with a marginal increase of 0.01 percent to 18,078.89 points. Over the course of the year, it mostly stayed above the 18,200-point mark until, according to US economic data, it dropped just under 18,065.18 points and is currently falling back 0.43 percent to 17,999.84 points below the 18,000-point mark.
On Tuesday, the stock market barometer fell to around 18,000 points, its lowest level in almost three weeks. The record high remains at 18,567.16 points, while the highest closing level of all time was 18,492.49 points.
And say goodbye quietly
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Investors use weakness to enter – profit-taking ahead?
“Many investors are still following the pattern of using days of slight weakness to get started. If it becomes clear that there is no longer enough to achieve new highs, profit-taking is likely to begin on a large scale,” wrote market strategist Jürgen Molnar from the broker Robomarkets.
Inflation data from the USA raise prices
In the afternoon, investors looked to the presentation of US inflation data for March. The rate had increased from 3.2 to 3.5 percent compared to February. Experts surveyed by Reuters had only expected an inflation rate of 3.4 percent. This is a major setback for the US Federal Reserve, which is trying to use high interest rates to push inflation down to its target of two percent. The negative surprise could therefore postpone the monetary easing that investors are longing for. Hopes that the Fed would soon cut interest rates had recently disappeared, which had slowed the record run of the stock markets.
On the agenda on Thursday is the eagerly awaited interest rate decision from the European Central Bank (ECB).
Editorial team finanzen.net / dpa-AFX / Reuters
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