FRANKFURT (dpa-AFX) – Economic worries and the geopolitical situation continue to make investors on the German stock market cautious. Nevertheless, the Dax, which remains at a high level, was able to hold the 19,000-point mark on Tuesday. At the end of trading, it stood at 19,066.47 points, 0.20 percent below the previous day’s close.
The MDax of medium-sized companies lost 0.43 percent to 26,624.52 points. The EuroStoxx 50, the leading eurozone index, fell 0.42 percent to 4,949.00 points.
The strong US labor market data from last Friday unsettled investors as it called into question expectations regarding the future monetary policy of the US Federal Reserve, said analyst Jochen Stanzl from broker CMC Markets. Following the data, hopes of further significant interest rate cuts before the end of the year faded. US inflation data later in the week will therefore be important.
According to Stanzl, more cautious…
