Dax gives way – investors take cover before the federal election

Released on 24. 09. 2021

  • The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen

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Frankfurt / Main (dpa) – Before the federal election, the Dax surrendered almost all of its previous day’s profits on Friday. He lost 0, 57 percent to 15. 531, 75 Points.

Also a sales warning from Nike, with losses also at Adidas and Puma, and the fragile situation of the Chinese real estate giant Evergrande warned investors to be cautious. In addition, the Ifo business climate index fell for the third month in a row in September, and this slightly more than analysts expected a moderate surcharge. After the Dax fell to its lowest level in four months in the wake of the Evergrande crisis on Monday, it more than made up for these losses by Thursday. The MDax of the medium-sized stock market values ​​lost on the last trading day of the week 0, 57 percent to 35. 282,54 Counter.

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