FRANKFURT (dpa-AFX) - After a rather weak start to the stock market week, the more pessimistic tones did not fade away on Wednesday. The stock markets are currently facing headwinds from the renewed rise in market interest rates in the United States. Uncertainty ahead of the upcoming US elections appears to be on the rise.

Against this backdrop, the Dax lost 0.23% to 19,377.62 points. The MDax of mid-cap blue chips ended the day down 0.24 percent at 27,022.06 points.

Analyst Jochen Stanzl from CMC Markets wrote that the prospect of potentially inflationary new borrowing after the elections in the United States with continued growth was putting a damper on the US Federal Reserve's monetary policy ambitions. The higher yields on the bond market also weighed on the New York stock market again in the middle of the week, where the Dow Jones Industrial benchmark index fell by 0.9 percent at the close of European trading.

Nevertheless, some observers see the recent price weakness on the German stock market as merely a pause for breath - "before a promising attack on the 20,000 mark can actually be launched", as the bank HSBC noted. In any case, the upward trend of the Dax is intact./ajx/he