The uncertainty ahead of the US Federal Reserve’s interest rate decision is still affecting investors on Tuesday. After its weak start to the week, the Dax got off to an even lighter start: 15,669.69 points meant a loss of 0.37 percent in early trading. The MDax fell by 0.28 percent to 26,838.52 points. The Eurozone leading index EuroStoxx 50 also lost around 0.3 percent in value.
Ahead of the US key interest rate decision on Wednesday evening, the Dax remains in the trading corridor despite the price losses of the past few weeks, in which it mostly stabilized at 15,600 points, but found its limits at the 16,000 point mark.
The focus is on the general expectation that there will be no further interest rate hikes by the US monetary authorities on Wednesday and perhaps also signals that the interest rate spiral is reaching its end. While oil prices are increasingly approaching the round $100 mark, there is growing concern that this will drive up inflation again and that central bankers will still be forced to act.
