Dax closes 0.4 percent in the red – economic data cause mixed feelings

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Dax curve in the trading room in Frankfurt

The Frankfurt benchmark has already reached a new record several times this year.

(Photo: dpa)

Düsseldorf Shortly before the stock market closed, the Dax was able to defend the 14,600 point mark: The German benchmark index closed on Wednesday 0.4 percent weaker at 14,610 Counters. After significant losses at the beginning, the leading index limited its minus somewhat in the course of trading. The Dax was thus in the trading range of the previous days, the weekly low is 14,516 points.

On the market, worries about the ongoing lockdown measures are seen as a burden in many countries. The Ifo Institute lowered its growth forecasts for the German economy on Wednesday. The gross domestic product is only likely to grow by 3.7 percent this year and not by 4.2 percent as expected in December, the Munich researchers predicted.

“The corona crisis is dragging on and postponing the expected strong upswing,” said Ifo economic chief Timo Wollmershäuser. At the end of the year, the pre-crisis level should then be reached again. For 2022, the Ifo Institute raised its forecast from 2.5 to 3.2 percent

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Dax closes percent red economic data mixed feelings

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