Dusseldorf On the German stock market, the small expiry day on the futures market is the focus on Friday. The settlement price of just under 12,600 points at 1 p.m. was between the four largest Dax positions on the futures market. You could see that professional investors apparently tried to drive the Dax towards 12,600 points between 12 and 1 p.m.
After the settlement, the Dax can only limit its losses for a short time. In the afternoon, the leading index was 1.6 percent lower at 12,565 points, 200 points below its closing level on Thursday.
According to Thomas Altmann of investment house QC Partners, it was unusual that the October expiry date caused so much excitement and market movement. Usually this is reserved for big expiration days at the end of a quarter, called the Witches’ Sabbath. Then additional futures contracts expire.
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