The abrupt end of the Christmas rally on the US stock markets also weighed on the German stock market on Thursday. The leading index Dax slipped by 0.40 percent to 16,666.21 points in the first minutes of trading. The US stock exchanges only fell in the later hours of trading on Wednesday, meaning that Europe was only able to react in the morning.
The abrupt end of the Christmas rally on the US stock markets also weighed on the German stock market on Thursday. The leading index Dax slipped by 0.40 percent to 16,666.21 points in the first minutes of trading. The US stock exchanges only fell in the later hours of trading on Wednesday, meaning that Europe was only able to react in the morning.
The Dax had reached a record high of just over 17,000 points the previous week. Since then, investors have been cashing in, but there has been no major correction so far. The rally on Wall Street lasted longer: the day before, the Dow Jones had initially set another record – but then the leading US index slipped into the red in late trading.
The MDax of medium-sized companies fell even more significantly than the Dax on Thursday morning. It lost 0.97 percent to 27,087 points. The Eurozone leading index EuroStoxx 50 fell by 0.37 percent to 4,516.84 points.
Source: Stern
