FRANKFURT (dpa-AFX) – Midweek trading saw the upward momentum on the German stock market fade. While tensions in the Middle East continue to ease, positive cues from U.S. markets provided only limited support for domestic shares after the recent recovery. The DAX ended the session down 0.61 percent at 23,498.33 points, while the MDAX slipped 0.11 percent to close at 29,925.98 points.
According to Landesbank Baden-Württemberg, the scenario of calming in the Middle East conflict was quickly priced into financial markets the previous day. U.S. Federal Reserve Chairman Jerome Powell also indicated that the Fed would maintain its wait-and-see approach on interest rates. However, if inflation data comes in weaker than expected or the labor market deteriorates, policymakers could move to cut rates more quickly.
Against the backdrop of Russia’s war of aggression against Ukraine and at the urging…
