Dusseldorf The German stock market is down at the start of the week. The Dax is down 1.1 percent at noon and is at 15,302 points, down 170 points. Such profit-taking is not uncommon after the significant price gains at the end of last week.
The reason for the sales is likely to be the launch of China’s suspected spy balloon over the weekend. The balloon has the potential to stop any political rapprochement between the US and China and reverse it, says capital market expert Thomas Altmann.
>> Read here: After the espionage, it is important to prevent a new Cuban Missile Crisis
However, Altmann sees the Dax at an advantage. Because since mid-January, the leading German index has developed weaker than the major indices on Wall Street. This could now be an advantage for the German stock exchange barometer.
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