The leading German index is in a downward trend this year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The German stock market is again in a sell-off mood. Stocks and bonds are sold equally, and the cryptocurrency Bitcoin is not spared either. For the capital market expert Thomas Altmann from the investment house QC Partners, one thing is certain: “Everything that entails risk flies out of the depots.”
The Dax slipped below the 14,000 point mark and was trading at 13,958 points in the morning, a drop of 1.7 percent. The daily low is 13,887 points. The stock market barometer ended yesterday Monday down 0.6 percent at 14,193 points.
On the US stock exchanges, the technology stocks in the Nasdaq have fallen significantly more than the industry-heavy Dow Jones index. This also confirms the forecast by sentiment expert Stephan Heibel after evaluating the Dax-Sentiment survey of the Handelsblatt. “I would invest very cautiously in the coming weeks and prefer defensive stocks,” he said on Monday.
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