Dax compares losses | Free press

Frankfurt am Main.

The German stock market significantly reduced early losses from Tuesday afternoon despite negative signals on interest rates and inflation.

The Dax fell 0.11 percent to 12,945.12 points, after a temporary drop of more than one percent. The MDax lost 0.31 percent to 25,840.90 points. The leading Eurozone index, EuroStoxx 50, fell by around 0.2 percent.

Inflation in the euro zone accelerated in June. Compared to the same month last year, consumer prices increased by 8.6 percent. Thus, the first estimates were confirmed.

According to the report, the European Central Bank is considering a stronger interest rate hike due to upward pressure on prices. Instead of raising key interest rates on Thursday by 0.25 percentage points for the first time in eleven years, as previously signaled, a decision could also be made to raise them more sharply by 0.5 percentage points, reports Bloomberg. The debate comes as no surprise. Over the past few weeks, senior central bankers have advocated not entirely ruling out a stronger rate hike.

The energy action that is considered a relatively “safe haven” in turbulent times has increased significantly. Eon shares rose 2.1 percent. RWE shares rose 2.7 percent at the top of the Dax index.

Fraport shares increased by 3.3 percent. Analysts recently pointed to the possibility of entering after June’s price drops. It was found that the financial burden on the airport operator due to staffing problems should be limited.

After the negative vote of the investment bank Exane BNP, the shares of Delivery Hero fell 3.8 percent. Earlier this week, food supplier shares surged 8 percent as the leader of MDax. (dpa)

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