Dusseldorf The German stock market is down at the start of the week. The Dax fell 0.5 percent in the first hour of trading and was at 15,400 points. Such profit-taking is more common 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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