Frankfurt, Jan 03 (Reuters) – After an encouraging start to the 2023 stock year, investors in DAX are shifting gears. The leading German index lost 0.4% to 14,118 points as of Tuesday’s open. It was up one percent on Monday.
Investors are eagerly awaiting German inflation data for December, said portfolio manager Thomas Altmann of wealth advisor QC Partners. “The recent significant drop in oil and gas prices should have a positive impact. The annual rate should be nine percent after a three-month double-digit hike.
In terms of individual values, Brenntag stood out with a price increase of 5.8%. The chemicals trader reversed its multibillion-dollar takeover of US rival Univar. The decision comes as no surprise after an activist investor opposed the plans, a stockbroker said.
Dax is losing momentum – Brenntag is on the upswing
What: Reuters
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