After the significant price slide on Friday, the stock market is likely to be turbulent on Monday as well.
(Photo: Reuters)
The numbers at the close of trading on the German stock market were impressive. Minus 660 points compared to the closing price on Thursday, which corresponds to a percentage loss in value of minus 4.15 percent. On the board of the Frankfurt Stock Exchange there was a closing price of 15,257 points.
After such sell-offs, significant price losses with a high trading volume at the same time, investors are often ready to re-enter at a low level. Which then eases the situation, at least in the short term.
But that’s not how it looks at the start of trading on Monday. On the contrary: indicators signal a weak start to trading. The Dax should first test the 15,000 point mark, which means a further 250 points.
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