Investors tend to hold back on Tuesday morning inflation numbers from the US. Stock market traders see “the calm before the storm” because the consumer price data on the stock market due in the afternoon could ensure stronger price movements. A further decline in the high inflation is expected.
The Dax only partially followed the good development on Wall Street in early trading with an increase of 0.24 percent to 14,341.50 points. The leading index thus remains in its range between 14,150 and almost 14,600 points, in which it has been oscillating for around a month. It also remains below the 21-day line for the short-term trend, which is currently at 14,386 points. The MDax gained 0.32 percent on Tuesday to 25,568.13 points, while the EuroStoxx 50 was also friendly.
“The coming days are trend-setting,” said market observer Christian Henke from Broker IG. “Inflation data and rate hikes could decide whether or not the year-end rally will happen,” he added. You can literally feel the tension at the trading venues. The US Federal Reserve is expecting a slightly smaller rate hike of 0.50 percentage points than last.
