Current Dax: Dax turns into minus before US-China meeting
High oil prices, rising bond yields and geopolitical uncertainty are slowing down the markets. A strong Ifo business climate index cannot convince investors.
Düsseldorf - The Dax index fell by about 0.9% to 25,367 points on Wednesday afternoon. On Tuesday, the German benchmark index had barely changed, closing at 25,578 points. US President Donald Trump's remarks during a speech at the 81st United Nations General Assembly dampened market sentiment. Investor hope for an imminent end to the Iran war had previously buoyed the index by nearly 1%.
The Dow Jones Index had a slight dip on Wall Street. Meanwhile, the US technology stock Nasdaq continued its record-breaking high for the second consecutive day. Investors are now looking to developments in geopolitics, the economy, and the technology sector as the UN General Assembly's general debate enters its second day. The OECD presents its updated economic outlook, with a focus on September's economy metrics, including the purchasing managers' indexes for the Euro Zone and the United States.
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- Dax currently: Dax is trading up – oil prices are falling again handelsblatt.com
