FRANKFURT (dpa-AFX) – Investors on the German stock market continued to hold back on Friday after the latest gains. In early trading, the leading German index Dax (DAX 40) fell by 0.32 percent to 15,473.87 points. There are more or less signs of stagnation for the mixed week. The focus remains monetary policy the central banks.
On Friday morning, the MDAX fell by 0.86 percent to 28,786.53 points, and the leading euro zone index, the EuroStoxx 50 (EURO STOXX 50), lost 0.42 percent to 4,232.12 points.
On Thursday, the Dax had already paid tribute to the interest rate worries that had boiled up again and, after a high for around a year, only saved part of its profits. The Dax gains still add up to around eleven percent in the still young stock market year.
However, the experts at Credit Suisse already see investors on the alert for Tuesday’s US consumer price data. They are a key factor in the monetary policy of the US Federal Reserve.
Investors had recently “distributed too many advance laurels,” commented market observer Andreas Lipkow. Because the further development of inflation dynamics, the Chinese economy and the monetary policy of the major central banks are “anything but clear”. In addition, the current reporting season of companies is providing heterogeneous impulses. On Friday, the sporting goods manufacturer adidas shocked investors with a meager outlook.
The fear of interest rates also weighed on the mood on the overseas stock exchanges: In New York, things had gone downhill on Thursday after the end of European trading, and the losses on the Asian markets also predominated recently./gl/mis