FRANKFURT (dpa-AFX) – At the record level of the Dax, investors are putting on the brakes at midweek. Now that the historic financial package has cleared the first hurdle in the German Bundestag, investors are shifting their focus to Washington. There, the US Federal Reserve will decide on the key interest rate, probably the most important adjusting screw for the global financial markets.
In early trading, the Dax fell by 0.54 percent to 23,256 points. Fueled by an easing of the debt brake and billions invested in infrastructure and armaments, it had reached a high of just over 23,476 points the previous day. However, after an increase of around 17 percent this year, the air is getting thinner. “Now comes the more difficult part of the rally,” said market analyst Jochen Stanzl from broker CMC Markets.
Against this backdrop, the MDax of medium-sized companies fell by 0.41 percent to 29,846 points on Wednesday. The…
