Dax starts the Christmas week with a sell-off – investors throw tourism stocks out of their portfolios

Dusseldorf On day one after the big expiry day on the futures markets, the stock exchanges continue to decline. The Dax loses more than 300 places in the first hour of trading and is listed at 15,197 points, a decrease of 2.2 percent. Last Friday, the leading index went out of trading with a minus of 0.7 percent and a closing price of 15,531 points. The Frankfurt benchmark was already trading at 15,097 meters before the trading session.

This great day of expiration, also known as the Witches’ Sabbath, underlined its importance as a “game changer” on Friday. In 2021, this day, which will take place on the third Friday at the end of the quarter, has always provided a new direction for the German stock market – and always downwards.

In addition, there is the fact that the virus variant Omikron has made it to the stock exchange. The increasing lockdowns are likely to weigh on economic growth and corporate earnings. How big the damage will be is still open.