The German stock market was lighter on Thursday.
The DAX started Thursday trading 0.3 percent higher at 22,501.21 points. In the further course, however, he slipped under the zero line and went 0.53 percent weaker at 22,314.65 points.
Yesterday, the stock market barometer was able to mark a new all -time high at 22,935.06 points before making profits. On Tuesday, the leading index ended the trading day at 22,844.50 points and thus with a final record.
Inflation and interest fears DAX have given the greatest loss of day in three months
On Wednesday, the DAX had suffered the greatest loss of day for more than three months on Wednesday. The distance grew to the 23,000 points he had in front of him.
The DAX ultimately lost 500 points from the record high, with inflation fears and statements from ECB directorate member Isabel Schnabel burdened over an end of the interest reduction cycle. The market observer Thomas Altmann from QC Partners emphasized their statements. “If the interest reductions of the ECB end earlier than many hoped, that would withdraw the large rally base for the stock exchanges.”
Does the reset continues or does the jump come over the 23,000 mark?
“The question is whether it was actually with the reset,” said a market participant. In contrast, the technically extremely overbought location speaks, which has not yet been dismantled with a reset from one day. On the other hand, the first impact is usually bought, so that the reset could be made up for at least a bit. Impulses continue to provide the reporting season. The actors also have the geopolitical situation in mind, after the conflict between the USA and the EU has now led to a division of the West about the assessment of the Ukraine War.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires