Investors are afraid of positioning themselves on the wrong side

Dax curve

The low for the year so far is 12,438 points.

(Photo: Bloomberg Creative/Getty Images [M])

Frankfurt The Dax stabilizes after its price losses on Wednesday. The leading German index was up 0.2 percent in the first hour of trading on Thursday at 14,319 points. The day before, the Frankfurt stock exchange barometer had closed 1.3 percent weaker at 14,284 points.

In terms of news, the focus in Brussels is on the summit meeting of NATO, the group of seven important industrialized countries (G7) and the European Union (EU). This is why US President Joe Biden came to Europe. According to his national security adviser, Jack Sullivan, the top-level deliberations are intended to herald the “next phase” of military support for Ukraine.

The day before, Russian President Vladimir Putin surprisingly announced that Russian gas deliveries would in future be billed in rubles. The energy company Gazprom was urged to change the contracts accordingly. The federal government was concerned: “The announcement to pay in rubles is first of all a breach of the contracts,” said Economics Minister Robert Habeck (Greens).

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