Dusseldorf The leading German index initially increased on Tuesday, but lost its gains again during the course of the trading day. The Dax closed with a slight increase of 0.1 percent at 15,142 points.
Bank stocks, which rallied strongly on Monday, initially continued to climb today. Commerzbank shares gain around 1.5 percent. However, Deutsche Bank papers lose 1.3 percent after initial price gains. The market is increasingly referring to Deutsche Bank’s exposure – i.e. the risks – in the real estate sector, a trader told Reuters news agency.
“The banking crisis is taking a back seat, at least for the moment,” said Thomas Altmann, portfolio manager at asset manager QC Partners. “However, it remains to be seen whether that will be enough for a longer recovery on the stock market.”
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further