FRANKFURT (dpa-AFX) – The German stock market slightly extended its losses recorded at the beginning of the week on Tuesday. Shortly after the Xetra start, the Dax fell by 0.25 percent to 20,263 points. Investors apparently do not want to venture too far ahead of the Fed’s interest rate decision this Wednesday.
On Friday, the leading German index had reached a record high of 20,522 points. The overall upward trend remains intact, wrote analyst Jochen Stanzl from CMC Markets.
In the morning, the Ifo and ZEW indices, probably the two key economic barometers for Germany, are on the agenda. No less important figures will follow from the USA in the afternoon with retail sales and industrial production data.
The MDax lost 0.35 percent to 26,095 points after a few minutes on Tuesday. The Eurozone’s leading index, the EuroStoxx 50, was down 0.4 percent./ajx/stk
