The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf Today’s trading day was probably the best example that the markets do not always follow rational considerations. Many investors had expected a small recovery rally after Emmanuel Macron’s election victory in France. But the opposite happened.
The Dax closed at 13,924 points, around 213 points lower than last Friday. The Dax was therefore unable to maintain its recovery course from the afternoon and closed over 1.5 percent in the red.
On Friday, the stock market barometer had its biggest daily loss in six weeks. At the end of trading there was a minus of 2.5 percent and a level of 14,143 points on the scoreboard.
Actually, Emmanuel Macron’s election victory in France should relieve the markets. Since the brokers had already assumed that Macron would be re-elected, the result was no longer surprising. The success was already priced into the markets.
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