The German stock market continued to fall on Friday.

The German stock market continued to fall on Friday.

Concerns about inflation and the interest rate turnaround announced the day before by the European Central Bank (ECB) weighed on investor sentiment. As a result, the US stock exchanges also fell sharply on Thursday.

In early trading, the Dax fell 0.74 percent to 14,094.39 points, falling for the fourth day in a row. The loss over the course of the week is currently two and a half percent. In addition, the leading German index fell below the 50-day line, which is currently at just over 14,130 points. This chart-technically well-noticed line is considered an indicator for the medium-term current sideways trend.

The MDax lost 0.80 percent to 29,413.16 points. The Eurozone leading index EuroStoxx fell by 0.75 percent to 3696.55 points.

The record-high inflation rates, far from the comfort zone of the central banks, prompted the ECB to announce a turnaround in interest rates. In July, the key interest rate is to be raised for the first time in eleven years, by 0.25 percentage points, as announced on Thursday afternoon. An even larger rate hike could follow in September. The ECB also increased its forecast for inflation in the current year to 6.8 percent and at the same time lowered the assumption for economic growth in the euro area.

This Friday, the focus is again on the USA, where data on price developments in May are due. That probably triggered the lion’s share of the price losses there in later trading on Wall Street, after all, the next interest rate decision by the US Federal Reserve (Fed) is due in the new week. The market is once again anticipating massive price increases.