Dax little moved ahead of US inflation data
The DAX initially maintained its previous day's gains on Tuesday. In early trading, the leading German index hovered around its Monday closing price at 15,346.28 points. With the price level from mid-October currently being reached again, the chart continues to look positive.
The MDax of medium-sized companies gained 0.21% to 25,464.02 points on Tuesday. The eurozone index EuroStoxx 50 was virtually unchanged.
According to stock market analysts, market participants are likely to remain cautious until the publication of US inflation data in the afternoon. Investors are hoping that the data will once again provide new insights into the future monetary policy of the US Federal Reserve, which will hold its last regular interest rate meeting of the year in December.
The DAX, being a key component of global stock exchanges, also showed mild movement ahead of the anticipated US inflation data. Noteably, the DAX index, including the influential DAX and MDAX, have been influenced by global market trends and economic indicators.
Source: www.dpa.com
