Investors in the German stock market continue to hold back before important events on Wednesday. In early trading, the leading index Dax fell by 0.40 percent to 12,171.90 points. In doing so, he continued his recent losses. The MDax for medium-sized companies fell by 0.44 percent to 22,093.56 points. The Eurozone leading index EuroStoxx 50 lost 0.25 percent.
The focus is on the minutes of the US Federal Reserve meeting expected in the evening and new US inflation figures on Thursday afternoon. In addition, these days the starting shot will be given in the USA for the reporting season, which, according to market observer Thomas Altmann from asset manager QC Partners, will have a significant impact on further developments on the stock market.
“A positive trend could certainly trigger a Christmas rally. If the trend is disappointing, the year’s lows should be tested again,” says Altmann. At the end of September, the Dax had marked its low so far at 11,862 points – for the year to date there has been a big minus of over 23 percent.
