Stock exchange in Frankfurt: Dax decreases plus according to ZEW data

After a strong start to the week, the recovery on the German stock market continued on Tuesday.

Stock exchange in Frankfurt: Dax decreases plus according to ZEW data

After a strong start to the week, the recovery on the German stock market continued on Tuesday. Fresh economic data from Germany had a slightly negative impact. Support came from the Bank of England, which is reportedly planning to delay sales of government bonds in a bid to calm the market. In an initial reaction, however, the central bank described the report as “inaccurate”.

The latest results from the Center for European Economic Research (ZEW) were mixed. The ZEW mood barometer developed less negatively in October than analysts had expected. The assessment of the economic situation, however, fell more sharply than forecast. ZEW President Achim Wambach commented that the probability of a decline in real gross domestic product over the next six months has increased significantly. "All in all, the economic outlook has deteriorated again."

Around noon, the Dax was still 1.0 percent higher at 12,776 points, after having reached its highest level in around four weeks in the morning.

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