FRANKFURT (dpa-AFX) - Ahead of the US interest rate decision, investors on the DAX appear to be shifting down a gear again on Wednesday. Around two hours before the start of trading on Xetra, broker IG valued the leading German index at 24,106 points, down a good 0.2 percent.
The day before, the DAX had approached the 24,200-point mark again in its recovery. In doing so, it also shook up the correction trend that had developed since the record high of 24,771 points in October. Since the weak start to the month with an interim low of 23,433 points, the DAX has now recovered by more than 3 percent.
It is now considered a foregone conclusion that the US Federal Reserve will cut its key interest rate for the third time this year. In November, the situation was quite different, which had even pushed the DAX back to its lowest level since May.
The decision comes at a time when the Fed continues to face a difficult environment, as some important economic data has still not been published following the partial shutdown of federal agencies. In addition, US President Donald Trump continues to exert enormous pressure on the central bank.
