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 appear to be having an effect. This mix causes the Dax to slip by 2.8 percent to 14,158 points at noon, a drop of around 400 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.
It is impossible to evaluate stock markets fundamentally given the events surrounding the Ukraine war. Nevertheless, in such cases, the technical analysis can provide initial clues.
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