Below 16,000 points there is not much for investors in the Dax on Tuesday either. After a stable start to the week, the leading German index fell by 0.42 percent to 15,884.07 points in the first few minutes. The MDax for medium-sized companies fell by 0.33 percent to 27,935.96 points. The Eurozone leading barometer EuroStoxx 50 was also down 0.3 percent.
On Wall Street, the indices had recovered from the weak Friday the evening before. However, the experts at Credit Suisse remain skeptical about equities. Higher interest rates are slowing the economy, and this inevitably weighs on corporate profitability, they argue. Lower profits at high valuations are risky. An important interest rate signal for the US Federal Reserve is on Thursday’s agenda with the inflation data.
The economic worries are fueled by news from China. There, the prospects for the economy, which has been a driving force behind the global economy for years, continue to deteriorate. Chinese foreign trade shows no signs of recovery. Numbers for July were weaker than experts had expected.
