Setbacks in sight, rally episodes possible

Frankfurt Despite the positive conclusion of the past week on the stock exchange, there should be no reason for investors to breathe a sigh of relief: Experts are forecasting renewed setbacks on the markets for the coming week – and are warning of further fluctuations.

This is due to a combination of different factors: in addition to the turnaround in interest rates in the USA and probably soon in the euro zone as well, high inflation, the corona lockdowns in China and the geopolitical upheavals resulting from the Ukraine war are weighing on the markets. In addition, May is traditionally seen as a weak stock market month. So far it has lived up to this reputation.

The stock exchanges offered a brief ray of hope on Friday: The Dax ended the week above the 14,000 point mark and was thus able to stop its series of losses that had previously lasted five weeks. At the close of trading, the leading index was up 2.1 percent at 14,028 points.