Dusseldorf Gloomy economic prospects ensure that investors on the German stock market act with great caution. The Dax initially continued its descent on Wednesday and was listed below the 12,000 point mark for long periods of trading for the first time since November 2020. It only turned positive towards the end of trading and was 0.3 percent up at 12,176 points shortly before the end of trading. An attempt to recover by the Dax failed on Tuesday.
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 estimate.
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