FRANKFURT (dpa-AFX) – Investors on the German stock market showed restraint on Wednesday morning. The Dax fell by 0.34 percent to 19,411.76 points in the first few minutes of trading. The MDax of the 50 mid-cap stocks fell by 0.09 percent to 27,036.79 points. The EuroStoxx 50, the leading index in the eurozone, lost around 0.4 percent to 4,926.61 points.
Too many uncertainties such as the upcoming US presidential election, quarterly figures from major tech companies and economic data are making market participants more cautious. “In this environment, it will be difficult for the DAX to keep its short-term upward trend intact. The tendency to consolidate is increasing and more and more investors are playing it safe,” said market expert Andreas Lipkow.
