2023-08-30 06:20:38
Frankfurt, Dusseldorf The leading German index, the Dax, also ended the second trading day of the week in positive territory: on Tuesday it was 0.9 percent higher at 15,930 points. As of Wednesday morning, it continues to trade premarket on over-the-counter trading platforms in plus.
Investors will focus on the new inflation figures for Germany on Wednesday. In July, the rate was 6.2 percent, after 6.4 percent in the previous month. For August, economists surveyed by Reuters expect a further decline to 6.0 percent.
The data is considered an important factor for the future monetary policy of the European Central Bank, which convenes for its next interest rate meeting in September. The central bank is aiming for inflation of 2.0 percent and has repeatedly emphasized that it will decide on further interest rate hikes if the data situation requires it.
Further data comes from the USA: Figures on economic growth in the second quarter and the number of employees in July are published there.
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