Dax slides into the red due to US inflation on the stock exchange



Dhe German stock market broke off its recovery on Tuesday and turned negative. Inflation data from the United States, which were taken as a sign of further significant interest rate hikes by the US Federal Reserve. Higher interest rates make fixed income securities like bonds more attractive than stocks.

The leading index dax fell as much as 1.7 percent to 13,228 points after rising 1.2 percent immediately before the US data. The M-Dax of medium-sized values ​​lost 2.07 percent to 25,644 points. The leading euro zone index, the Euro Stoxx 50, fell by 0.9 percent. At the beginning of the week, falling gas prices had provided some tailwind.

In the US, the momentum of price increases slowed down less than expected in August. the annual inflation rate weakened to 8.3 percent. Economists had expected inflation to fall, but had on average assumed a low rate of 8.1 percent. Compared to the previous month, consumer prices rose by 0.1 percent in August. A decline of 0.1 percent had been expected here.

Among the weakest values ​​in the Dax, the papers of the online retailer Zalando buckled by around five percent. Among other things, they suffered from the fact that the British online grocer Ocado had lowered its outlook again. Its shares recently fell by 13 percent in London. In addition, there is the prospect of further increases in interest rates, which usually weighs heavily on technology stocks, which are heavily dependent on the economy. With that, the share certificates of the meal box mailer Hellofresh at the end of the Dax by more than five percent.



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