Dax opens just over 12,000 points – does the important mark hold?

Dusseldorf Most investors are currently refraining from stocking up on shares – quite the opposite: they are selling their paper. The German share index (Dax) therefore continued its descent on Wednesday and was 1.6 percent lower at 11,953 points in early trading.

Another attempt at recovery had already failed on Tuesday. The Dax fell by around half a percent to 12,139 points – the lowest closing price in two years.

Russia’s war of aggression against Ukraine, rising energy prices, the impending gas shortage and, above all, the turnaround in interest rates have already caused the Dax to fall by more than 20 percent since the beginning of the year. According to the leading research institutes, Germany cannot prevent a recession. Due to the energy crisis, the economy will bottom out in the winter half-year and then shrink, experts expect.