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Thursday, October 6, 2022

Stock exchange in Frankfurt: Dax with strong price losses – burden of recession worries

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Recession concerns caused the week to end in deep red on Friday worldwide and also on the German stock market. The leading index Dax ended the weekend down 1.97 percent to 12,284.19 points, after having previously fallen to its lowest level since November 2020 at just under 12,181 points.

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Recession concerns caused the week to end in deep red on Friday worldwide and also on the German stock market. The leading index Dax ended the weekend down 1.97 percent to 12,284.19 points, after having previously fallen to its lowest level since November 2020 at just under 12,181 points.

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Investors are still reeling from the recent accumulation of interest rate hikes by large central banks. On a weekly basis, the leading German index increased the loss to more than three and a half percent. Wall Street also fell significantly before the weekend, with the Dow Jones Industrial slipping to a low since the end of 2020.

The MDax of the medium-sized stock market stocks also sounded out new lows on Friday. In the course of trading, it fell to its lowest level since May 2020 and was down 3.12 percent at 22,541.58 points at the end of the day.

Source: Stern

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