The Frankfurt benchmark has already reached a new record several times this year.
(Photo: dpa)
Dusseldorf At the end of the week, the Dax had to accept significant losses: The German benchmark index closed one percent in the red at 15,490 points, after having posted 0.9 percent in the morning. Compared to the daily high, the German benchmark index lost around 300 points – the last time it was more than nine weeks ago.
The mood in retail was characterized by uncertainty in view of inflation and economic worries and the unclear further steps taken by the US Federal Reserve. At the end of the week, the development around the debt-laden Chinese real estate company Evergrande was also a topic of conversation. Many investors anticipated the insolvency of the country’s second largest real estate developer, which is groaning under a mountain of debt of more than $ 300 billion.
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