US consumer prices weigh on the stock market

US consumer prices weigh on the stock market

The Frankfurt stock exchange recorded significant losses in the Dax, influenced by surprisingly high US consumer prices. The leading index Dax lost 0.92 percent, while the MDax fell by 1.42 percent. Capital market strategist Jürgen Molnar previously warned of the influence of inflation data on the market, as they could significantly influence the US Federal Reserve's monetary policy stance. U.S. consumer prices rose 3.1 percent in January, beating expectations and dampening hopes of rapid interest rate cuts. Technology stocks came under particular pressure, with Infineon shares losing five percent. Rheinmetall shares, on the other hand, continued their record run and rose by 4.6 percent.

Tobias Basse from Landesbank NordLB emphasized that only clear future macroeconomic trends would enable the Fed to cut key interest rates. Currently, only major problems at US regional banks could trigger a rapid reduction in interest margins. In the SDax, Norma Group recovered by 1.6 percent, while Thyssenkrupp Nucera rose by 4.7 percent at the top of the index, as the first quarter of the financial year again recorded strong growth. The EuroStoxx 50 closed 1.20 percent lower, while the Dow Jones Industrial in New York fell more than one percent.

The euro suffered from US inflation data and was last trading at $1.0717. On the bond market, the current yield remained at 2.38 percent, while the Rex bond index rose by 0.26 percent and the Bund future fell by 0.32 percent to 133.16 points.