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Sunday, February 5, 2023

Stock exchange in Frankfurt: Dax increases – 14,000 point mark still in focus

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At the beginning of the new stock market year, the Dax continued to struggle for the much-noticed mark of 14,000 points. After jumping to 14,005 points, the leading German index last Monday morning was up 0.52 percent to 13,996.13 points.

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At the beginning of the new stock market year, the Dax continued to struggle for the much-noticed mark of 14,000 points. After jumping to 14,005 points, the leading German index last Monday morning was up 0.52 percent to 13,996.13 points.

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In doing so, he shook off the weakness at the end of the past year. In view of the Ukraine war, high energy prices, rapidly increasing inflation and rising key interest rates to combat it, the Dax lost around twelve percent in 2022 – making it the weakest year since 2018.

The other indices were also able to pull themselves together: for the MDax of medium-sized German companies, which had even collapsed by around 28 percent last year, it rose by 0.83 percent to 25,326.38 points at the start of the week. The EuroStoxx 50 gained 0.76 percent to 3822.34 points – in 2022 the leading eurozone index had developed as weakly as the Dax.

Source: Stern

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