Dusseldorf On the German stock market, the small expiration day on the futures market was 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 accounting, the Dax is 1.5 percent down and is trading at 12,580 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 was unusual that the October expiry date had 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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