FRANKFURT (dpa-AFX) – The Dax fell back significantly on Tuesday. After reaching a record high in early trading just ten points below the round 19,000-point mark, the German leading index crumbled in the course of the day. US economic data published in the afternoon kept up the pressure. The Dax ended trading with a loss of 0.97 percent to 18,747.11 points. The MDax of mid-sized stock market companies fell by 0.92 percent to 25,405.46 points.
The mood in US industry brightened in August, albeit less than analysts had expected. According to the Landesbank Hessen-Thüringen, concerns about an economic downturn in the industrial sector should ease somewhat. A further acceleration of interest rate cut expectations is not to be expected.
Market participants are firmly assuming that the US Federal Reserve and the European Central Bank (ECB) will cut key interest rates in September. With regard to the Fed, many are wondering…
