On the first day of the European central bank conference, investors in the German stock market are reluctant to buy. On Tuesday afternoon, the leading index Dax was almost unchanged from the previous day at 15,823 points.
The Frankfurt Stock Exchange Barometer is therefore stuck in its consolidation phase, which it entered at the beginning of June. On Monday, the Dax went down 0.1 percent at 15,813 points. Jochen Stanzl from online broker CMC Markets comments that there is not much time left for the stock market to break out before the summer break catches up.
The annual central bank conference of the European Central Bank, which began today in Sintra, Portugal, did not provide any impetus for trade in the morning either. In her opening speech, ECB President Christine Lagarde reaffirmed the goal of bringing inflation in the euro zone to the target level of two percent as soon as possible and maintaining it there, “come what may”.
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