Dax in the red – why the fight for the 15,700 point mark is so fierce

Dax curve in the trading room in Frankfurt

The Frankfurt benchmark has already reached a new record several times this year.

(Photo: dpa)

Dusseldorf The German stock market is up and down on Friday: In the afternoon, the Dax is 0.8 percent in the red at 15,529 points – a good 260 points below the daily high. After a positive start, the leading index was still up to 0.9 percent up.

In view of inflation and economic worries and the unclear further steps taken by the US Federal Reserve, the mood in retail continues to be characterized by uncertainty. At the end of the week, the development around the debt-laden Chinese real estate company Evergrande was also a topic of conversation. Many investors anticipated the insolvency of the country’s second largest real estate developer, which is groaning under a mountain of debt of more than $ 300 billion.

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