Dusseldorf On the German stock market, the small expiry day on the futures market is the focus of today’s 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.
At the start of trading, the leading German index is also close to these four brands, which are between 12,300 and 12,650 points. The Dax gives in the first hour of trading one percent and is traded at 12,641 points, 125 points less. Yesterday, Thursday, friendly US stock markets closed the Dax down 0.2 percent at 12,767 points.
According to Thomas Altmann from the investment house QC Partner, it is unusual that the October expiry 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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