The Dax was just below 15,000 points on Friday. Larger gains at the start crumbled off significantly in the first half of the day. Most recently, the leading German index was only just 0.03 percent up at 14,968.95 points – and thus slightly below 15,000 points again.
The Dax was just below 15,000 points on Friday. Larger gains at the start crumbled off significantly in the first half of the day. Most recently, the leading German index was only just 0.03 percent up at 14,968.95 points – and thus slightly below 15,000 points again.
Around midday, options and futures contracts on the Dax and the Eurozone leading index EuroStoxx 50 expire on the Eurex futures and derivatives exchange. Investors try to move the indices in a direction that is favorable for their market position on the expiry dates.
The MDax of medium-sized company stocks had already turned negative earlier and recently recorded a discount of 0.68 percent to 26,860.96 points. On the other hand, the EuroStoxx 50, the leading index for the euro zone, continued to be friendly with 0.14 percent at 4122.89 points.
After the help from the Swiss central bank for Credit Suisse, support for the US regional bank First Republic worth billions from the largest American financial institutions provided relief on the market. Before the weekend, the most recent interest rate hike by the European Central Bank (ECB) continued to have an effect, which had caused a positive reaction on the financial markets.
Source: Stern
