The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The risks of a military conflict between Russia and Ukraine are now gradually being priced in on the German stock market. Share prices are falling significantly, while oil prices are climbing towards $100 and reaching new multi-year highs. Gold prices hit a new nine-month high. Bond yields are falling sharply, signaling a calmer US rate hike.
The motto of the hour is: Get out of risky investments like stocks and bitcoin and into the so-called safe havens like gold and government bonds.
On the German stock market, the Dax has slipped over 800 points since yesterday’s high and today’s low of 14,375 points. In the first hour of trading, the leading index was at 14,402 points, a drop of 2.2 percent or the equivalent of 320 points.
The stock market barometer had already given up the important support mark at 14,800 points on Monday, which had existed since the beginning of last year. At the close of trading, the leading German index was 2.1 percent lower at 14,731 points.
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