Leading index starts trading with great uncertainty

Leading index starts trading with great uncertainty
Dax curve

The leading German index is on a downward trend this year – despite the recent recovery.

(Foto: Bloomberg Creative/Getty Images [M])

Frankfurt Investors have so far held back on the German stock market in Thursday trading. In the morning, the German leading index Dax was slightly up at 12,199 points and thus almost unchanged compared to the previous day’s close. Measured against the top in January, the Dax is more than 4,000 points or around 25 percent lower, but only slightly above the low of just under 12,000 points reached at the end of September.

Traders attributed the cautious trade to US inflation and jobs data due out later this afternoon. High inflation could indicate that the US Federal Reserve will raise interest rates a fourth time at its next meeting in early November.

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