Dusseldorf The German stock market came under pressure on Friday: In the morning, the Dax fell below its previous low for the year at 12,390 points and fell to its lowest level since November 2020, which is 12,181 points. In the afternoon, the leading index was initially able to limit its losses somewhat and closed two percent down at 12,284.19 points. On a weekly basis, the Dax lost 3.6 percent.
According to Salah Bouhmidi, Head of Markets at IG Europe, the downward trend in the Frankfurt benchmark is continuing. The Dax is now triggering new sales impulses. “The fundamental starting position offers no reason for hope and is fueling skepticism.” According to the analyst, the global restrictive monetary policy is taking shape and making equities appear less attractive.
According to Thomas Altmann, portfolio manager at QC Partners, the focus is now on the 12,000 point mark and then the 11,500 point mark.
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