FRANKFURT (dpa-AFX) – The gains in Germany’s leading index, the Dax, over the past three trading days vanished into thin air on Tuesday. “There are currently too many risks lurking in the financial markets, which are currently being offset by too few opportunities,” said stock market expert Andreas Lipkow.
Stubborn inflation in the eurozone, for example, is causing concern despite a decline in June. The inflation rate fell from 2.6 percent in the previous month to 2.5 percent in June. “The decline in inflation is only continuing slowly,” commented chief economist Thomas Gitzel from VP Bank. The last few meters to the inflation target of the European Central Bank (ECB) are an extremely tough affair. “The ECB is also aware of this and is adjusting its interest rate policy accordingly.”
Investors are also spooked by the political uncertainty in France. And not just because of the run-off election this Sunday, as chief…
