The stock exchange day on Thursday, September 9, 2021

The is below the 15,600 mark Dax Slipped to the low of the day in the middle of the week. After the positive start of the week and a premium of 1.0 percent, the leading German stock exchange index had already fallen by 0.6 percent on Tuesday. More came on Wednesday 1.5 percent more, so that the Dax is currently at a level of 15,610 points. An attack on the all-time high of 16,030 points, which was quite possible at the beginning of the week, is history for the time being. “Investors are nervous,” commented ntv stock exchange correspondent Katja Dofel. She referred to the council meeting of the European Central Bank (ECB).

The future direction of monetary policy is likely to be the subject of heated debate there. From the point of view of Austria’s central bank chief Robert Holzmann, the ECB could possibly get out of its years of ultra-loose monetary policy more quickly than many are currently thinking: “However, there is a possibility that we may be able to normalize monetary policy earlier than most financial market experts expect,” said the Governing Council member.

Investors will therefore listen particularly carefully today when ECB boss Christine Lagarde is at 2.30 p.m. Results of the council meeting will comment, which will be published as early as 1:45 p.m. Until then, trading on the German stock market could be rather restrained. After that, price fluctuations in both directions are quite possible.

In addition to the ECB, other economic dates are also of interest to investors: The weekly data for the Initial claims for US unemployment benefits announced and then the weekly US crude oil inventories. Already in the morning there are fresh data for German trade and current account as well as statistical indicators on domestic tourism. China’s consumer prices from the night should be watched attentively on the trading floor.

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