Prices on the German stock market continued to slide on Wednesday. The DAX temporarily traded at its lowest level since the beginning of December and closed with minus 0.84 percent at 16,431.69 points. The mood among investors remains clouded after subdued hopes of imminent interest rate cuts in the USA weighed on buying sentiment. The recent economic upswing in China at the end of the year hardly relieved investors, as the real estate market there remains under pressure.
The MDax fell even more than the Dax in the middle of the week. The index of medium-sized stocks recorded a discount of 1.74 percent to 25,250.06 points. Things looked cloudy across Europe on Wednesday.
In New York, technology stocks came under pressure as hopes for rapid interest rate cuts waned. US retail sales published in the afternoon diminished this hope again, as sales rose more than expected and are evidence of the strength of consumption in the United States.
However, if the economy remains robust, the monetary authorities in the USA should be in no hurry to cut interest rates and so many central bankers at the Federal Reserve have recently resisted the high market expectations of easing monetary policy.
