After the setback on Wall Street in the middle of the week, the Dax also gave way on Thursday. In the first few minutes of trading, the leading German index fell by 0.5 percent to 13,603 points. The MDax lost 0.7 percent to 24,101 points. The Eurozone leading index EuroStoxx 50 lost half a percent.
After the US midterm elections in the middle of Joe Biden’s presidency, consumer prices in the United States come into focus on Thursday. “Inflation is likely to have fallen somewhat, thereby supporting the Fed’s signals from last week, which point to a somewhat slower pace in the interest rate cycle,” wrote Commerzbank foreign exchange expert Antje Praefcke. Inflation is likely to have peaked, but will probably only come down slowly. Stephen Innes from SPI Asset Management expects the stock market to continue to experience high volatility. The crucial question is: will the US interest rate hike peak or not?
