FRANKFURT (dpa-AFX) – Ahead of the Fed’s interest rate decision, investors on the German stock market acted more cautiously after a recent good run. However, the Dax stemmed major losses again on Wednesday and ultimately ended trading 0.40 percent lower at 23,288.06 points. The previous day, it had reached a record high of just over 23,476 points. The euphoria surrounding the financial package for armaments, infrastructure and climate that has now been approved by the Bundestag waned slightly, especially as the Bundesrat still has to give its approval. The MDax index of medium-sized companies lost 1.09% to 29,644.73 points.
“Investors’ speculation on a more business-friendly policy that could breathe new life into the German economy has paid off for the time being,” commented Jochen Stanzl from CMC Markets. The Dax is entering the more difficult and perhaps final phase of the rally. From now on, profit-taking is just as…
