Dusseldorf There is a sell-off on the German stock market at the end of the week – i.e. high price losses with high trading volumes. The leading index Dax was 2.1 percent or more than 300 points down at 14,895 points on Friday morning. The biggest losers are bank stocks: Deutsche Bank shares lose 13 percent, Commerzbank shares around nine percent.
Protection against payment defaults on Deutsche Bank bonds has risen sharply. Data from the financial service Bloomberg shows that these so-called CDS rose to over 190 on Friday. That is higher than during the corona pandemic. On Wednesday the value was still around 140.
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