The leading German index, the Dax, fell to its lowest level since November 2020 on Friday morning due to recession concerns. Investors are still reeling from the recent accumulation of interest rate hikes by large central banks. Most recently, the Dax lost 1.31 percent to 12,367 points. On a weekly basis, the index has accumulated a loss of three percent. On Wall Street, too, there are signs of price losses ahead of the weekend given the tight monetary policy of the US Federal Reserve. Stock market experts identify further loss potential.
The leading German index, the Dax, fell to its lowest level since November 2020 on Friday morning due to recession concerns. Investors are still reeling from the recent accumulation of interest rate hikes by major central banks. Most recently, the Dax lost 1.31 percent to 12,367 points. On a weekly basis, the index has accumulated a loss of three percent. On Wall Street, too, there are signs of price losses ahead of the weekend given the tight monetary policy of the US Federal Reserve. Stock market experts identify further loss potential.
The MDax of the medium-sized stock exchanges also sounded out a low for the year on Friday. It lost 2.30 percent to 22,730 points and fell to the lowest level since May 2020. The leading eurozone index EuroStoxx 50 fell by one and a half percent.
The withdrawal of the annual targets at the real estate financier Hypoport caused a course disaster. The shares contained in the SDax of the small stock exchange stocks collapsed by 36 percent to their lowest level in five years. Airbus shares were at the top of the Dax with a plus of three percent. Symrise shares rose by almost one percent. Beiersdorf also increased by almost one percent after Bank of America had attested upside potential of around 20 percent for the share. In the MDax, the sell-off of Varta shares continued, and it went down by a good nine percent.
Source: Stern
