Dusseldorf Interest rate worries weighed on the German stock market on Friday. The leading index Dax lost more than 150 points in the morning at times, but was able to make up some of its losses. At noon, the Frankfurt benchmark stands at 15,428 points.
On a weekly basis, however, there are signs of a slight plus. Last Friday the Dax stood at 15,308 points.
“The interest rate specter is back. The stock markets ignored it for a long time, but now there is no other choice,” comments Thomas Altmann, portfolio manager at asset manager QC Partners. “Rising interest rates are again becoming a threat to the stock markets.”
Food is getting the expectation that interest rates will rise, in part due to the German producer prices that were published in the morning. Manufacturers lowered their prices in January for the fourth month in a row, but not as much as expected. This is an indication that the high inflation in Germany is slowing down more slowly than many experts expected.
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