Current Dax: Dax closes significantly in the negative – oil price back above $100
Investors are showing little optimism on Thursday, with the Dax falling below 25,000 points. High oil prices and rising bond yields are putting pressure on stock prices.
The Dax closed down around 1 percent on Thursday at 24,939 points, just below the 25,000-point mark. The German index had mostly stayed above this threshold during the day. The drop was triggered by a surprise increase in German consumer prices, which rose 3.3 percent in September compared to the previous year. In Europe, stock markets saw falling prices, while the Wall Street indices closed mixed.
France's government presented its 2027 budget, aiming to reduce its high deficit and regain the trust of financial markets through austerity measures.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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