FRANKFURT (dpa-AFX) – After setting six records in a row, the DAX remained stable on Tuesday. The stock market’s motto is “wait and see”, as the inflation data for the USA are on the agenda for the middle of the week. The European Central Bank will also decide on key interest rates on Thursday. The majority of economists expect a small interest rate cut of 0.25 percentage points in the eurozone. However, there are also a few who believe a larger move is possible.
The leading German index closed 0.08 percent lower at 20,329.16 points. Although the Dax had initially climbed further towards 20,500 points at the start of the week, it then ended Monday somewhat weaker.
According to Hessische Landesbank (Helaba), the Dax is “overbought” from a technical perspective following the recent rally. A temporary correction is therefore not unlikely and even a setback to 20,000 points is possible.
The MDax lost 0.90 percent to…
