The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf As soon as the small expiry day on the German stock market is over, the leading German index begins to slide. The Dax lost 1.3 percent in the afternoon and traded at 15,075 points. With political risk still lingering and the US bank holiday on Monday, investors are more willing to reduce their risk positions.
Until then, the conflict in Ukraine seemed to be losing its influence the longer it lasted. As recently as Monday of this week, the stock market barometer had temporarily slipped to 14,844 points due to this risk. On Thursday, the leading index fell 0.7 percent after clashes between separatists and the Ukrainian army and closed at 15,268 points.
The leading German index is thus once again testing its support in the area around the mark of 15,000 points and 14,818 points, the lowest mark since April last year. Sustained prices below the 14,800 mark have the potential for a major sell-off.
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