After the clear recovery gains of the past few trading days, the Dax was quite stable on Wednesday and only gave way slightly. Market analyst Konstantin Oldenburger from CMC Markets nevertheless referred to the nervous back and forth in the course of trading, which reflects the high level of nervousness among investors. The reason for this is the lurching course on the bond market.
There is uncertainty as to whether US Treasury yields will “slowly but surely reach their high point and the stock market will be able to consolidate its still fragile ground in return, or whether the downward trend since the beginning of the year will only continue in the end,” he said.
After some ups and downs, the leading German index finally closed 0.19 percent lower at 12,741.41 points. However, it has increased by almost five percent in the past four trading days. The MDax of medium-sized German companies lost 1.14 percent to 22,984.77 points in the middle of the week. Across Europe and in the USA, the most important indices – similar to the Dax – were not far from their closing levels on the previous day.
