Dusseldorf Rising interest rates are putting global stock markets under pressure. The Dax, for example, is 17 percent below its high for the year. But not all markets are suffering equally. It is striking that Germany’s most important stock market barometer is holding up better during the downturn.
Over a period of six months, the Dax lost 13 percent and thus less than the American S&P 500 index (minus 19.5 percent), the world’s most important index. In the past three months, the Dax lost “only” three and a half percent, but the S&P almost ten percent.
This development is unusual, because in the past the Dax has consistently performed worse than the major US leading index.
The losses were always higher and up to twice as high as in the USA, especially when things went downhill heavily, as was the case recently in the corona crash of 2020, before that in the financial crisis of 2008 and before that in the dotcom crisis at the beginning of the millennium.
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