Weak US stock markets slowed down the Dax again on Tuesday. In early trading, the leading German index lost 0.90 percent to 12,161.99 points. The MDax for medium-sized companies fell by 1.15 percent to 22,217.56 points and the Eurozone leading index EuroStoxx 50 fell by almost one percent.

According to market observer Michael Hewson from broker CMC Markets, investors are currently finding it difficult to find a direction after a recent phase of volatility. Ahead of Wednesday’s minutes from the US Federal Reserve’s latest meeting and US inflation figures due on Thursday, he believes sentiment is likely to remain tense as markets fear another 0.75 percentage point hike by the Fed in November.

The weak US stock markets had already robbed the Dax of its previous recovery gains at the beginning of the week. The Nasdaq technology exchange in particular had gone downhill significantly: the Nasdaq 100 selection index had slipped to its lowest level in around two years due to weak chip values. According to Hewson, they suffered from the fact that the US government had announced further restrictions on China’s access to American semiconductor technology.