Dusseldorf On the German stock market, the small expiry day on the futures market is the focus on Friday. It should still be exciting. The reason: The four large due Dax positions are now so close to the price level that they have the potential to move the market.
The leading German index is also close to these four marks, which range between 12,300 and 12,650 points. The Dax is down 1.6 percent in the morning and is trading just below 12,568 points, around 200 points less. On Thursday, initially friendly US stock exchanges allowed the Dax to close 0.2 percent at 12,767 points.
According to Thomas Altmann of investment house QC Partners, it is unusual that the October expiration date can cause 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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