Record-high inflation in the eurozone didn’t calm the chafed nerves of many investors on Wednesday. The Dax fell on Wednesday by 0.97 percent to 12,834.96 points.
The initially friendly Dax fell by the end of trading on Wednesday by 0.97 percent to 12,834.96 points after inflation in the euro zone had been estimated at 9.1 percent in August. With a Dax loss of almost five percent, August is the third weakest month on the stock exchange this year. But it threatens to get even worse, since September is statistically considered the weakest month for stocks.
The 13,000 point mark was again too high for the Dax in the middle of the week. After a setback of around 1000 points within two weeks, investors are also wondering to what extent tightening monetary policy to combat inflation has already been priced into the prices. The MDax closed 0.69 percent lower at 25,219.13 points on Wednesday.
