Frankfurt, Aug 24 – One day before the start of the central bank meeting in Jackson Hole, investors’ nervousness is growing. The Dax started again on Wednesday with price losses and fell 0.3 percent to 13,157 points.
The statements by Fed boss Jerome Powell and other top central bankers could shape the development of the financial markets for the next few weeks, said market strategist Christian Henke from the trading house IG. “Above all, investors are waiting for answers on the progress made in fighting inflation.” Economists are currently expecting the Fed to raise interest rates by 50 basis points at the September meeting. Traders also think more FEDWATCH is possible.
CTS Eventim was able to convince the companies with its quarterly figures. The return of concert operations after the compulsory Corona break makes the tills ring at the ticket broker. The shares gained 1.8 percent.
Technology stocks were among the biggest losers after falling in the US and Asia. Infineon gave way 1.3 percent.
Dax investors remain skeptical before Jackson Hole
Those: Archyde.com
Cover photo: Symbolic photo
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