The German stock market started the shortened Holy Week with losses. Internet and technology stocks in particular came under heavy pressure.
The German stock market started the shortened Holy Week with losses. Internet and technology stocks in particular came under heavy pressure.
The Dax has continued its zigzag course since the middle of last week and ultimately lost 0.64 percent to 14,192.78 points. The MDax fell by 0.84 percent to 30,571.68 points.
Market sentiment on Monday was clouded by the prospect of an economic slowdown combined with high inflation. Added to this were fears over US monetary policy after the US Federal Reserve signaled sharp hikes in interest rates and a reduction in total assets last week in a bid to dampen price pressures. In addition, fears of massive negative consequences of the war in Ukraine and of the corona-related closures in China weighed heavily.
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.
