Dax course currently: professional investors could trigger a wave of sales

Dusseldorf The German stock market continued its downward trend on Thursday. The leading index Dax closed 1.9 percent down at 12,520 points. He limited his losses in the last few minutes. The daily low was 12,434 points, bringing the annual low of 12,391 points within sight. Prices below this mark could trigger further selling.

At the end of the day, 39 of 40 individual stocks were in the red. In the entire Dax family, including the MDax for small companies and the SDax for small companies, only 17 out of 160 stocks closed with a plus.

Jochen Stanzl, analyst at CMC Markets, sees a whole bundle of reasons for the falling prices: “Further rising inflation rates, recession worries, a government crisis in Italy and with the disappointing figures from JP Morgan and Morgan Stanley also a botched start in the US Earnings season – that was too much.”