DAX falls as inflation dominates sentiment

Date:

Germany’s DAX index fell nearly a quarter percent on Thursday’s trading. market Investors who have exhausted decades of full imports of high inflation in the United States have raised interest rates, withdrawn monetary stimulus, global liquidity, asset prices and interest.

The 40 Script Index is currently trading at 15,995.20, down 0.20 percent from the previous closing price. Trading for the day was in the range of 15958.60 and 16020.72.

At current levels, DAX is 1.8% lower than the 52-week high of 16289.00.

Internet retailers Zalando, Siemens Energy, and power generation company RWE AG all make nearly 2% profits.

Deutsche Bank, specialty chemicals jobs Covestro, biotechnology company Qiagen, software business SAP, Siemens Healthineers, Volkswagen and others have all declined by more than 1%.

The car maker Volkswagen is the most active script with sales of € 40.1 million. Scrip was lost about 1 percent.

About half of the scripts in the 40 Script Index are advanced from the previous day’s level.

All DAX Super Sector Indexes are in the positive territory except Industrial, Pharma & Healthcare and Basic Materials. The utility performed best with a gain of nearly 1%. The pharmaceutical and healthcare subsectors were down 0.84%.

The EURUSD pair remained around 1.1468, 0.23 percent higher than Wednesday’s closing price. This is because inflation data on the forecast line lowered the dollar index from 94.92 to 94.82 on Wednesday.

10-year bond yields increased 17 percent from -0.056 percent on Wednesday to -0.0465.

Contact for comments and feedback: editorial@rttnews.com

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DAX falls as inflation dominates sentiment

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