After the heavy price losses at the end of the week, there is no improvement in sight on the stock market on Monday either.
After the heavy price losses at the end of the week, there is no improvement in sight on the stock market on Monday either.
In view of high inflation, fear of interest rates and the associated fears of recession, the price slide of the Dax continues. A few minutes after the start of Xetra, the leading German index lost 1.02 percent to 13,622 points. The MDax fell by 1.04 percent to 28,469 points. The Eurozone leading index EuroStoxx was also clearly in the red at 1.3 percent.
In the Dax, the May low of 13,380 points is now approaching. The losses since the interim high a week ago now add up to 7.4 percent.
After inflation in the USA was reported at its highest level in around 40 years on Friday, market participants are concerned that further and faster interest rate hikes by the US Federal Reserve could follow. The Fed’s next interest rate meeting is on the agenda for Wednesday, at which further tightening of monetary policy is considered agreed. The decisive factor, however, is whether the currency watchdogs will step up the pace even more than previously expected.
