Frankfurt Affected by a price slump at Adidas, the mood on the German stock market clouded over at the end of the week. The Dax lost 0.7 percent to 15,411 points in early trading on Friday.
Adidas shares plunged as much as 11.4 percent, heading for their worst trading day since the coronavirus pandemic began in March 2020. The abrupt separation from the scandalous American rapper Kanye West is likely to put the sporting goods group in the red in the current year. “A terrible prospect – far below all expectations,” commented the experts from Baader Helvea.
The weak specifications from Wall Street spoiled the mood of investors in this country. “The big unknown is and remains the interest rate of the Fed, which continues to cause deep concern among investors and thus unsteady and volatile price developments,” summarized the strategists at Raiffeisen Research.
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