Dusseldorf Gloomy economic prospects ensure that investors on the German stock market sell their paper. The Dax 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. Towards the afternoon, the leading index limited its losses somewhat and was 0.7 percent down at 12,056 points.
A recovery attempt by the Dax had already failed on Tuesday. The MDax for medium-sized stocks fell by 2.5 percent to 21,786 points on Wednesday.
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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