Stock exchange in Frankfurt: Dax falls to low since July before Fed decisions

Before the eagerly awaited interest rate decision by the US Federal Reserve, the Dax dropped to a three-month low on Wednesday.

Stock exchange in Frankfurt: Dax falls to low since July before Fed decisions

Before the eagerly awaited interest rate decision by the US Federal Reserve, the Dax dropped to a three-month low on Wednesday. The fact that Russia ordered a partial mobilization of its own armed forces also caused uncertainty. The leading German index fell in early trading by more than one percent to a low since July. However, he was then able to put the losses into perspective a little bit by losing 0.74 percent to 12,577.35 points. He was below the mark of 12,600 points, which recently gave him support on several occasions.

The EuroStoxx followed the Dax down roughly in step; it was also last lower in July. The MDax fell only slightly by 0.12 percent to 23,730.02 points, but it has been at a low since 2020 for days. The SDax also fell by 0.4 percent, where Uniper noticed a price slump because of the now decided nationalization.

The Fed is expected to raise interest rates again in the middle of the week in the fight against high inflation. Most experts assume that the central bankers will raise the key interest rate by 0.75 percentage points for the third time in a row. However, some market participants also expect more.

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