Dax recovers after falling below 12,000 points and closes in the black

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. Only towards the end of trading did it turn positive and closed 0.4 percent higher at 12,183 points. 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. The government advisers predict that the economy will shrink for three quarters in a row – and thus until the beginning of 2023.