FRANKFURT (dpa-AFX) – After modest gains the previous day, investors at the German stock market tapped the brakes again on Thursday morning. “The search for direction continues,” observed market analyst Thomas Altmann of QC Partners. As long as it remains unclear where things are heading, both buyers and sellers are holding back. The only apparent motto among investors seems to be “wait and see.”
In the opening minutes of trading, the DAX slipped 0.3 percent to 23,586 points. The MDAX, which tracks mid-cap companies, lost 0.5 percent to 30,158 points. The Eurozone’s leading index, the EuroStoxx 50, fell by 0.4 percent.
Wall Street also closed slightly lower the previous evening. Following a record-breaking rally, investors there have shifted to a more cautious stance, according to a morning note from Commerzbank. Caution prevails ahead of the release of PCE inflation data this Friday, seen as the most important…
