Fear of higher interest rates messed up the start of the week for the German stock market. On top of that, some investors cashed in. The Dax went 0.84 percent lower at 15,345.91 points from trading. At times, the leading index lost 1.3 percent. The MDax for medium-sized companies fell by 1.53 percent to 29,321.71 points.
Fear of higher interest rates messed up the start of the week for the German stock market. On top of that, some investors cashed in. The Dax went 0.84 percent lower at 15,345.91 points from trading. At times, the leading index lost 1.3 percent. The MDax for medium-sized companies fell by 1.53 percent to 29,321.71 points.
The strong US job market report from Friday is having an effect, it said on the market. The experts at Credit Suisse wrote that it underscores the assessment that the US Federal Reserve will continue to hike interest rates to a level of more than five percent. The US stock exchanges also went downhill at the start of the week, especially for interest-sensitive stocks.
Source: Stern
