Dax starts with a sale in the Christmas week, can then significantly reduce the losses

Dusseldorf On Monday, the stock exchanges continued to decline. However, the Dax managed to significantly reduce its high losses by the end of trading. The leading German index closed 1.9 percent lower at 15,240 points.

In the meantime, the Frankfurt benchmark had dropped to 15,060 points – a decrease of three percent in total. The leading index had already gone out of trading last Friday with a minus of 0.7 percent and a closing price of 15,531 points.

The big expiry day on the futures markets, also known as the Witches’ Sabbath, which takes place on the third Friday at the end of the quarter, underscored its importance as a “game changer”. In 2021, this day 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.