FRANKFURT (dpa-AFX) – The DAX stabilized somewhat on Wednesday after yesterday’s slide. However, investors remained cautious ahead of the important US interest rate decision in the evening. In the first minutes of trading, the leading German index rose 0.41 percent to 23,425.94 points. The MDAX, which also performed poorly the previous day, recovered by 0.55 percent to 30,266.38 points. The Eurozone’s leading index, the EuroStoxx 50, recovered by 0.4 percent.
On Tuesday, the DAX slipped out of its previous September range to its lowest level since June. This meant that it had further lost ground to the US stock markets, which subsequently closed only slightly down. However, the most important German stock market barometer is still ahead of the major US indices for the year to date.
