Dax closes in the red – oil price falls

Frankfurt The German stock market started the new week with losses. After the close of trading, the leading index Dax was around 0.6 percent down at 14,193 points. In the past week it had already lost a little over one percent and closed at 14,283 points on Friday.

The MDax fell by 0.8 percent to 30,572 points. On the other hand, yields on the bond market rose. For the ten-year federal bond, it was just under 0.8 percent. In March it was temporarily still negative.

The significant increase in capital market interest rates is also reflected in share prices. The losers included growth stocks such as Hellofresh, Delivery Hero and Zalando. These companies are characterized by the fact that they are currently making little or no profits. The value of their shares therefore consists above all in the prospect of future profits, the current value of which falls when interest rates rise.