FRANKFURT (dpa-AFX) – The German stock market continued its high-level stagnation at midweek, with little change at the opening. The DAX stood almost unchanged at 24,392 points just minutes after trading began.
For several days now, the DAX has been moving within a narrow trading range between approximately 24,250 and 24,500 points. The release of the minutes from the most recent U.S. Federal Reserve meeting, scheduled for later this evening, could potentially trigger some movement–though any effects on the German market would likely not be seen until Thursday. “The market remains firmly priced in for another U.S. rate cut at the end of October,” wrote analyst Frank Sohlleder of broker Activtrades. The minutes could “provide crucial clues for this step.”
The MDAX, which tracks mid-sized German companies, fell by 0.25 percent to 30,759 points on Wednesday. The Eurozone’s leading index, the EuroStoxx 50, slipped…
