After a turbulent trading day, the Dax closes significantly higher

After a turbulent trading day, the Dax closes significantly higher

Frankfurt The leading German index Dax has had a turbulent trading day: on Thursday afternoon it initially reacted with significant price losses to the latest figures on inflation in the USA. The stock market barometer initially turned sharply into the red, but then recovered again. At the end of trading, the Dax was up 1.5 percent at 12,355 points – and was thus even close to its daily high again.

The announcement of the US inflation figures had hit the Dax hard. If it was still clearly in the plus before, it fell more than 350 points within a short time after the publication of the disappointing data. But at the level of 12,000 points, buying started again.

US goods and services inflation fell to 8.2 percent in September from 8.3 percent in August, the Labor Department in Washington said. This is the third decline in a row.

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