2023-08-30 11:35:54
Dusseldorf The German stock market is clearly down in morning trading on Wednesday. The Dax loses 0.6 percent and is traded at 15,830 points, a minus of 100 points.
The reason for this is likely to be the inflation data that has already been published in some federal states. These suggest that the longed-for significant drop in inflation did not materialize in August. The inflation rate rose in Baden-Württemberg, Brandenburg, North Rhine-Westphalia and Saxony – only in Bavaria and Hesse did it fall slightly.
At 2 p.m., the Federal Statistical Office will present figures on the development of inflation in Germany in August. Currency inflation was calculated at 6.2 percent for July, after 6.4 percent in the previous month. Market traders expect the annual rate to fall to six percent, which would have given the European Central Bank a chance to pause interest rates at its September meeting. But this chance seems to be in danger, despite the gloomy economic prospects.
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