The German stock market initially recovered from its previous day’s weakness in the middle of the week ahead of important economic data from the USA.
A few minutes after the start, the Dax rose by 0.65 percent to 18,193.45 points. The MDax of medium-sized stocks rose by 0.5 percent to 27,127.14 points. The EuroStoxx 50, the leading index for the euro zone, gained 0.7 percent.
The focus in the afternoon will be on consumer prices from the USA for March. Inflation is the main influencing factor for the US Federal Reserve’s monetary policy. Hopes that the Fed would soon cut interest rates have recently faded, which has slowed the stock market’s record run.
The European Central Bank’s interest rate meeting on Thursday also caused uncertainty, wrote analyst Martin Utschneider from Finanzethos. In the Dax, looking upwards is still permitted, but looking downwards is a must. Hope and disappointment will be very close together in the next two days.
