The Frankfurt benchmark has already reached a new record several times this year.
(Photo: dpa)
Dusseldorf September lives up to its reputation as the weakest stock market month of the entire year. The Dax loses 1.6 percent in the first hour of trading and is trading at 15,249 points.
It should come as no surprise to any investor that what is known as the Witches’ Sabbath, the big expiry date on the stock markets, is followed by a rapid change of direction. This expiry date was last Friday when the German benchmark index went out of trading with a minus of one percent below the mark of 15,500 points. There were similar reactions after the previous big expiration days in mid-March and mid-June, when the Dax fell both on the day itself and on the following trading days. However, the losses were lower back then.
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