Dax gives in – international buyers are currently missing

Dusseldorf Investors on the German stock market are relatively cautious at the start of the week. In the afternoon, the leading index was up 0.1 percent at 13,262 points. The Frankfurt stock market barometer closed the past week with a plus of 3.0 percent – that was the largest weekly gain since March.

A few days before an expected renewed significant interest rate hike in the USA, investors are reluctant to make new commitments. Investors were relaxed about the weak Ifo index, according to which the mood in the executive floors of the German economy fell to its lowest level since June 2020. The decline was expected.

However, the economic and interest rate concerns mean that there is currently a lack of courageous and convinced buyers, comments portfolio manager Thomas Altmann from asset manager QC Partners on the situation. “Then there is the seasonal summer slump. It’s vacation time. And in the current environment, even fewer decide to enter or re-enter the stock market.”