Citizens' decision in November: Frankfurt Mayor does not take a description of
Peter Feldmann, the decision of the city council is unnecessary. Now the citizens should vote. © Photo: Frank Rumpenhorst/dpa The Mayor of Frankfurt Peter Feldmann (SPD) speaks at the beginning of the city council in the Roman. Frankfurt Mayor Peter Feldmann (SPD) did not accept the election by the city councilors. The deadline for this had passed on Friday night.
on the German stock market are easy plus signs on Tuesday. © provided by finanzen.net yasuyoshi chiba/afp/getty images
The DAX opened Tuesday trading by 0.36 percent higher at 13,450.39 points and then moved slightly higher. The leading index currently gains 0.53 percent to 13,473.07 units.
of its youngest deep since July, the stock market barometer had recently recovered by over 6 percent. Especially in the past two trading sessions, the DAX dynamically climbed back over the 50-day line.
Important US economic data ahead
The most important US indices stated the recreation trend. In the early afternoon, the focus is on the US consumer prices because of their importance for the further interest trend of the US Federal Reserve. The experts of the Credit Suisse expect a minimally increasing core rate of the inflation . So nothing should change at the restrictive Fed course with continuously increasing interest , it said. The next FED session will take place on September 21.
VW share: Volkswagen earns more than expected - possible sales in Russia
Volkswagen surprisingly implemented more in the second quarter despite the significantly declining car sales and continuing delivery bottlenecks. © provided by Finanzen.net Saeed Khan/AFP/Getty Images due to loads from raw material protection transactions, the profit fell, but the Wolfsburger DAX group earned significantly more than analysts. VW confirmed the sales and profit view for the year as a whole. As the twelve brand group announced, sales rose 3.3 percent to 69.54 billion euros in the
analysts expect an inflation rate of 8.1 percent on average and thus a further decline after it dropped slightly to 8.5 percent in July.
German inflation data confirms
of the harmonized consumer price index (HVPI) measured inflation pressure in Germany continued to increase at a high level in August. As the Federal Statistical Office (Destatis) announced, the HVPI annual rate rose to the record value of 8.8 (previous month: 8.5) percent. As expected, the statisticians confirmed their preliminary estimate of August 30th. Compared to the previous month, the HVPI increased by 0.4 percent, which also confirmed the preliminary data.
ZEW index weaker than expected
The ZEW index , which was raised by the Center for European Economic Research (ZEW), also decreased to minus 61.9 (August: minus 55.3) points, as the ZEW announced. Economists surveyed by Dow Jones Newswires had expected minus 58.0 points with a decline. The index to assess the economic situation decreased to minus 60.5 (minus 47.6) points. Economists had predicted minus 50.0 points.
"The view of energy bottlenecks in winter make the expectations for large parts of German industry even more negative," commented Zew President Achim Wambach. There is also an less favorable assessment of growth in China. The current statistical figures already showed a decline in order incoming, production and exports.Redaction finanzen.net / dpa-AfX / Reuters
Börse Frankfurt: DAX slips on red terrain .
The DAX seems to stop his attempt to stabilize on Thursday. © provided by Finanzen.net Mario Vedder/Getty Images with a slight increase of 0.09 percent to 13,040.36 points, the DAX started in the Thursday session. The stock barometer also presented itself a little higher afterwards, but only until noon. In the meantime, the Dax loses 0.20 percent on 13,001.99 points on the Frankfurt Stock Exchange. shocked by the High US Inflation , the DAX was recently sagged by up to 4.5 percent in two days f