The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf On the German stock market, the Dax slipped again significantly at the start of trading. There are more than 800 points between the daily high on Monday and the low on Tuesday. But calculated from today’s low of 14,357 points, the Dax has made up for around 340 points.
The leading index closes at 14,693 points, down 0.3 percent. Trading turnover was higher than it had been in ten weeks, probably due to yesterday’s public holiday on the US stock exchanges and the dynamic developments in Ukraine.
At the start of trading, the risks of a military conflict between Russia and Ukraine were initially priced in. Share prices fell significantly, while oil prices climbed towards the $100 mark and reached new multi-year highs. The price of gold initially marked its highest level in nine months. Bond yields fell significantly, signaling a calmer US rate hike.
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