Above all, the high loss of bank shares pushed the Dax significantly into the red on Friday.
Dusseldorf At first glance, one could almost think that optimism and calm have returned to the markets. The German leading index Dax gained at least 1.3 percent in the past week. In the US, the S&P 500 gained almost 1.4 percent on a weekly basis. But this impression is deceptive. This is shown by the strong daily fluctuations – especially in Germany and Europe.
On Friday alone, the Dax fell by 400 points or 2.6 percent at the top, and that with high sales. That’s why the word about the sale was already making the rounds. This was even more true for bank stocks. Deutsche Bank shares fell by almost 15 percent at times, and Commerzbank by more than ten percent.
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