Shortly before the end of the year, investors in the German stock market held back from making new investments. Trading on Wednesday was quiet in the absence of any momentum and the vast majority of market participants.
Important economic data and company news from Europe were not on the agenda. Fresh data from the US housing market had no immediate impact on listings. In late trading, things went down a bit in the wake of the crumbling US stock markets.
The Dax hovered around the much-noticed 14,000 point mark and closed 0.50 percent lower at 13,925.60 points. The MDax of medium-sized companies fell by 0.33 percent to 25,200.86 points.
CMC Markets analyst Jochen Stanzl justified the return of skepticism in the middle of the week by saying that the China hopes of the previous day had been dampened. Because: A reopening of the world’s second largest economy and a subsequent rapid recovery go hand in hand with the fear of longer higher interest rates, with which the central banks would have to counteract this upswing. Because a faster upswing could increase the inflation risks again.
