A two-day recovery in the Dax will be followed by the next major price slide on Thursday. Inflation concerns continue to drive investors around the world, and this is particularly evident in growth stocks in the technology sector, for example.
A two-day recovery in the Dax will be followed by the next major price slide on Thursday. Inflation concerns continue to drive investors around the world, and this is particularly evident in growth stocks in the technology sector, for example.
The German leading index Dax fell in early trading by 2.16 percent to 13,530.37 points. For the MDax it went downhill to 27,970.13 points. The EuroStoxx 50 lost 2.5 percent.
“In view of the mixture of economic risks and fears of interest rate increases, the Dax cannot book a liberation blow,” wrote the Landesbank Helaba on Thursday. Instead of the 14,000 point mark, the Dax is now targeting its weekly low of 13,380 points again. The night before, the US stock exchanges had sold off again. After “hot inflation data”, as experts called it, technology stocks in particular continued their slide there.
On Wednesday, the Dax was only briefly thrown off balance by US inflation, but the price increase in April was unexpectedly high. This increases concerns that inflation will remain too high for much longer, according to Commerzbank.
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.
