After a rapid ups and downs, the German stock market ended trading on Monday with clear losses.
After a rapid ups and downs, the German stock market ended trading on Monday with clear losses.
Compared to the massive levies last Friday, however, the decline seemed to have slowed down. The ever-escalating war in Ukraine and fears of a recession coupled with inflation nonetheless created sufficient downward pressure.
In the morning, the Dax fell by up to five percent at times to its lowest level since November 2020. In the afternoon, the leading index noticeably slowed down and even turned positive for a short time. But then it crumbled again in the wake of a weaker opening on New York’s Wall Street and ultimately lost 1.98 percent to 12,834.65 points. The MDax of medium-sized German companies lost 1.79 percent to 28,342.73 points.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
