Dusseldorf The leading German index is taking a breather at the start of the week. The Dax gives way one percent and is traded at 14,390 points, around 150 points less. The daily low is 14,380 points. On Friday, the stock market barometer was almost unchanged at 14,541 points.
The reason for today’s profit-taking comes from China: The protests against the local Covid policy are escalating, which is causing uncertainty in the market. Especially since the current Covid outbreaks are fueling fears of a longer economic dry spell in the Middle Kingdom.
But the main reason for today’s breather is the 2700-point rally in eight weeks. The leading German index was able to reduce its annual loss of 25 percent by the end of September to less than nine percent at an astonishing pace. And last week’s trading was calm and friendly, up around one percent.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue