Frankfurt Stock Exchange
Dax hardly changed after a strong previous day
The logo of the German share index. Photo: picture alliance / dpa
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The upward momentum in the Dax decreased significantly on Wednesday after the strong previous day. In the first few minutes, the leading German index rose by 0.06 percent to 14,193.91 points.
The upward momentum in the Dax decreased significantly on Wednesday after the strong previous day. In the first few minutes, the leading German index rose by 0.06 percent to 14,193.91 points.
The MDax for medium-sized companies rose by 0.52 percent to 29,523.77 points. The Eurozone leading index EuroStoxx 50 gained 0.04 percent to 3742.98 points.
The experts at Commerzbank spoke of a returning risk appetite among investors given the US stock markets, which were also strong the day before. Drivers are good economic data such as robust US retail sales from the previous day.
However, strong economic data also increases the central banks’ leeway for tightening monetary policy, as pointed out by the experts at the Dutch bank ING. High consumer prices remain the big problem. Higher interest rates tend to favor fixed income securities like bonds over stocks.