Investors’ concerns about inflation and interest rates also weighed on the German stock market on Friday. At the time of the great decline on the futures exchanges, the Dax was down 1.71 percent at 12,734.63 points shortly before noon. Since the intermediate high at 13,564 on Tuesday, the German stock market has been falling continuously. Against this background, some positive economic data from China had no effect. The MDax of medium-sized stocks recently lost 1.95 percent to 23,977.90 points. The Eurozone leading index EuroStoxx 50 lost 1.4 percent.
Investors’ concerns about inflation and interest rates also weighed on the German stock market on Friday. At the time of the great decline on the futures exchanges, the Dax was down 1.71 percent at 12,734.63 points shortly before noon. Since the intermediate high at 13,564 on Tuesday, the German stock market has been falling continuously. Against this background, some positive economic data from China had no effect. The MDax of medium-sized stocks recently lost 1.95 percent to 23,977.90 points. The Eurozone leading index EuroStoxx 50 lost 1.4 percent.
The focus is now on the expiry of stock and index options, “which can cause movement in the Dax, depending on whether and how investors extend them into the future,” stated Jürgen Molnar from CMC Markets. “It is not uncommon for the market to turn in the other direction after such dates, which could mean upward opportunities here because of the overriding continuing downward trend.”
On the company side in the leading German index, the shares of the Post stood out with the largest discounts. They fell to their lowest level since mid-2020 and most recently lost more than six percent. The weak figures and a withdrawn earnings forecast by US competitor Fedex caused the price to slide.
Numerous real estate stocks were also moving according to large sector studies by Goldman Sachs, JPMorgan and Barclays. The very interest-sensitive sector is currently under pressure due to the prospect of further increases in central bank interest rates and is in a head-to-head race with retailers for the weakest sector of the year.
TAG Immobilien, however, climbed against the trend as one of the MDax favorites by two percent – Barclays expert Sander Bunck raised his vote by two notches to “Overweight”.
Shares in the ailing utility Uniper remained in the downward spiral and fell to a record low in the last MDax place, most recently they recovered somewhat to a minus of almost ten percent. Chemical stocks also attracted attention with high losses
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.
