The Dax can initially recover from its recent setback on Tuesday. The leading index rose 0.53 percent in early trading to 12,961.90 points, approaching the 13,000 point mark again after slipping to its lowest level since mid-July at the beginning of the week. The MDax, which did slightly better the day before, only went up 0.24 percent to 25,530.86 points. The EuroStoxx 50, on the other hand, increased more significantly by 0.8 percent.
The Dax had slipped below the round mark of 13,000 points in the past few days due to signals from the top US monetary guardian Jerome Powell for a very tight monetary policy.
In Europe, too, monetary authorities are under pressure due to high inflation. Therefore, consumer prices for Germany with the first estimate for August are in focus on Tuesday. Market observers also expect the ECB to raise interest rates significantly next week. The downside is the economic braking effect: investors’ fears of a recession should therefore not diminish.
