FRANKFURT (dpa-AFX) - After a strong previous week on the German stock market, the start of December has gotten off to a rocky start. The Tokyo Stock Exchange dampened recently buoyant investor sentiment somewhat on Monday morning. The Nikkei benchmark index came under significant pressure due to indications of a possible interest rate hike in December. The DAX slipped by 0.4 percent to 23,733 points in early trading.
In Japan, a speech by Bank of Japan President Kazuo Ueda was interpreted by the market as a signal that the central bank could raise interest rates at its December meeting. Meanwhile, weak economic data emerged from China, though local stock markets there posted gains.
For the MDAX, which tracks mid-cap German stocks, the index fell by 0.3 percent to 29,858 points on Monday morning. The Eurozone's EuroStoxx 50 index also dropped by 0.4 percent.
