Before the interest rate decision by the European Central Bank (ECB), the Dax was slightly up on Wednesday after initially more significant gains. The rescue package for the ailing Credit Suisse initially calmed the nerves of investors. Before the central bank’s statements from this Thursday, however, many investors preferred to keep their feet still. Around noon, the leading German index was still up 0.73 percent at 14,842.50 points, after having reached almost 15,000 points in the morning.
The index of medium-sized companies MDax meanwhile turned negative and recently lost 0.25 percent to 26,724.82 points. The EuroStoxx 50, the leading index in the euro zone, also gave back part of its gains, with growth still amounting to 0.70 percent to 4063.11 points.
The day before, the Dax had fallen by more than three percent to its lowest level since the beginning of January. The trigger was concerns about the ailing major Swiss bank Credit Suisse, after the turbulence surrounding three US banks had shaken the markets at the beginning of the week.
