The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The German stock market is dominated by the futures market. After a friendly start with a daily high of 12,282 points, the Dax quickly fell by 100 points. This price slide can only be explained with today’s small expiry date.
The Dax is currently listed 0.2 percent in the red at 16,193 meters. Yesterday, Thursday, the leading index closed after a new record high (16,290 points) at 16,222 points and thus 0.2 percent in the red. What was noticeable on Thursday was that the slide below the 16,200 mark was over within a short time.
Will be on the small expiry date this Friday Options on indices and individual stocks expire and settled. Even if the effects on trading are smaller compared to the Witches’ Sabbath, the big expiry day, investors try to move the Dax in a direction that is favorable to them by noon. For the rest of the year-end rally, however, the effects are likely to remain minor.
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further