Dusseldorf Gloomy economic prospects ensure that investors on the German stock market sell their paper. The Dax continued its descent on Wednesday and was trading 1.8 percent lower at 11,926 points. The MDax for medium-sized stocks fell by more than two percent to 21,827 points.
Another attempt at recovery had already failed on Tuesday. The Dax fell by around half a percent to 12,139 points – the lowest closing price in two years.
Russia’s war of aggression against Ukraine, rising energy prices, the impending gas shortage and, above all, the turnaround in interest rates have already caused the Dax to fall by more than 20 percent since the beginning of the year. According to the leading research institutes, Germany cannot prevent a recession. Due to the energy crisis, the economy will bottom out in the winter half-year and then shrink, experts expect.
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