Fears of a larger interest rate hike in the USA made investors on the German stock market cautious again on Wednesday. After the Dax had closed with losses the day before after a new thirteen-month high, the leading German index fell by a further 0.13 percent to 15,538.86 points on Wednesday morning.
Statements by the US Federal Reserve Chairman before the US Senate Banking Committee are having an impact. There Jerome Powell said, among other things: “The latest economic data has turned out better than expected, so the interest rate peak will probably be higher than previously assumed.”
The MDax lost 0.45 percent to 28,728.35 points. The Eurozone leading index EuroStoxx 50 fell by 0.24 percent to 4268.83 points.
