The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf After the events of the weekend, expectations of a quick end to the war have diminished. And the sanctions against Russian oligarchs and the Russian economy as a whole are apparently having an effect – which prompted President Putin to threaten nuclear weapons, as he did during the occupation of Crimea in 2014.
This mix causes the Dax to slip by 1.9 percent to 14,295 points right at the start of trading, a drop of 270 points. The leading German index is thus giving up a large part of its gains from last Friday. At the end of last week, the stock market barometer ended trading at 14,567 points and an increase of 3.7 percent. The closing level was also the daily high.
The leading index was only nine points behind the pre-war level, i.e. the lowest level on Wednesday of this week before Putin gave the war order. Seen in this way, the Dax is back to wartime levels with similar rates as on Thursday.
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