The recent decline on the German stock market slowed significantly on Wednesday. The most important indices fell only slightly by midday. The leading index DAX lost 0.11 percent to 15,239.22 points. On Monday and Tuesday, the stock market barometer lost almost 2 percent. The MDax of medium-sized stocks fell by 0.03 percent to 25,667.51 points on Wednesday. The Eurozone leading index EuroStoxx 50 rose by 0.25 percent after a cautious start.
On the one hand, calming signals came from the Asian stock markets. The Chinese stock exchanges benefited from robust economic data. On the other hand, there was positive news from the USA: a few days before an impending shutdown of government business, the Senate proposed a compromise in the budget dispute. This would guarantee the financing of the federal authorities at least until November 17th and thus avert the “shutdown” that is already threatening this weekend.
