Stock exchange in Frankfurt: Dax gives way - inflation data leaves investors cold

Even new inflation data from Germany did not give the Dax any fresh impetus on Tuesday.

Stock exchange in Frankfurt: Dax gives way - inflation data leaves investors cold

Even new inflation data from Germany did not give the Dax any fresh impetus on Tuesday. The leading German index was only on the back burner throughout the entire trading day and only crumbled somewhat in the closing trading session. Ultimately, the leading German index lost 0.19 percent to 14,355.45 points. The MDax of medium-sized stocks fell more significantly by 0.95 percent to 25,356.56 points.

Inflation in Germany weakened somewhat more significantly in November than the market had expected. Consumer prices rose 10 percent year-on-year after climbing to 10.4 percent in October, the highest level in around 70 years. The direction of price development in November was correct, because the price increase had slowed down, said Thomas Altmann, portfolio manager at QC Partners. But it is too early to give the all-clear.

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