Frankfurt shares outlook: Dax should regain 16,000 points
The Frankfurt skyline in the afterglow (symbol picture). © jotily / iStock / Getty Images Plus / Getty Images
FRANKFURT (dpa-AFX) – The Dax
The X-Dax as an indicator for the German leading index signals three quarters of an hour before the start of trading, an increase of 0.7 percent to 16,048 points. The leading Eurozone index EuroStoxx 50
Since, in addition to the corona pandemic, the prospect of rising interest rates is a latent negative factor for stocks, the focus – apart from the European data on industrial production – is on the data on price developments in the USA in the middle of the week. According to Thomas Altmann, portfolio manager at QC Partners, a further rise in the inflation rate is consensus on the stock exchanges, which also means that it has already been priced in. It is even expected that the annual rate will have a 7 in front of the decimal point for the first time since 1982.
“After 6.8 percent in November, the US inflation rate should reach 7.1 percent in December,” predicts Commerzbank analyst Christoph Balz. The reasons are high energy costs and a strong demand for goods due to the supply bottlenecks.
Should inflation turn out to be significantly higher, it could become more uncomfortable on the stock exchanges. Concerns about a faster than expected monetary tightening in the US were already the reason why it had gone noticeably downwards last week.
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