FRANKFURT (dpa-AFX) – After the Dax’s biggest setback since mid-June the day before, prices on the German stock market stabilized at a lower level in the middle of the week. In the first few minutes of trading on Wednesday, the Dax was up 0.4 percent at 18,304 points.
“Hardly any impetus is to be expected today and it is questionable whether investors will venture out of cover before the US inflation figures are published,” wrote Landesbank Helaba in a market outlook. Consumer prices for June will be published in the USA on Thursday. They could provide further insight into the timing and pace of the expected interest rate cuts by the Fed. On Wall Street, meanwhile, the major stock indices were treading water.
The MDax of mid-cap blue chips rose by 0.2 percent to 25,301 points in the morning. The EuroStoxx 50, the leading eurozone index, was also up slightly.
