Dusseldorf There is a sell-off on the German stock market at the end of the week – i.e. high price losses with high trading volumes. The leading index Dax was almost 2.6 percent or around 390 points down at 14,818 points around Friday afternoon.
The biggest losers are Deutsche Bank, which lost up to 14.9 percent. The price last dropped more sharply in March 2020 in the first phase of the corona pandemic. Commerzbank papers lose more than eight percent.
Protection against payment defaults on Deutsche Bank bonds has risen sharply. Data from the financial service Bloomberg shows that these so-called CDS rose to over 190 on Friday. That is higher than during the corona pandemic. On Wednesday the value was still around 140. Investors now have to pay around 190,000 instead of 140,000 euros to secure a ten million euro package of Deutsche Bank bonds.
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