First it looks like a crash, but then the recovery: The trading in the middle of the week was tough, the DAX dropped to 11,863 points, the lowest level since November 2020. The leading German stock market index then recovered and ended with a premium of 0.4 percent at 12,183 points. The recovery was triggered by news from the Bank of England that it wants to buy British government bonds in order to stabilize the bond market. Yields on ten-year bonds have recently risen significantly. Prices on Wall Street also rose slightly in the middle of the week. The DAX is currently valued at around 12,260 points.
On the back of the European Central Bank’s (ECB) recent sharp hikes in interest rates, investors are turning their attention to Germany’s inflation figures for September. “In Germany, it should have been in the double digits,” predicts Commerzbank analyst Weil. “Once again, price drivers were energy and food.”
In addition, investors should also keep an eye on the third release of US GDP. The figures will be published in the afternoon. In addition, weekly initial jobless claims are also on the agenda in the USA. Data on economic and business sentiment come from the EU. That Autumn report of the economic experts should also provide information about the economic development in this country.
On the company side, quarterly results from Hornbach, Hella and H&M are on the agenda. Stock marketers are hoping for a boost for investor sentiment from the planned IPO of the sports car manufacturer Porsche. The papers of Volkswagen– Daughters are to appear on the price slips for the first time. With an issue volume of up to 9.4 billion euros, there is a chance that Porsche will already sell its major shareholders VW and Porsche SE in December DAX Will keep company, says analyst Sebastian Marland from the financial services provider AFS.