Dax has a weak start in October

Released on 01. 10. 2021

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

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Frankfurt / Main (dpa) – After the weak September, October also started with discounts on the German stock market. The Dax gave up on Friday in the first few minutes of trading by 1.8 percent 14. 985, 71 points after. Most recently it had in May under the brand of 15. 000 confessed.

“More and more investors are questioning the rally of the year critically,” noted portfolio manager Thomas Altmann from asset manager QC Partners. The focus is on the question of whether companies would be able to achieve the expected profits even if interest rates in the US were to be raised sooner and faster. The worries that the central banks would soon be able to pump less money into the markets due to rising inflation weighed heavily on the Dax this week. At the moment there is a weekly balance of more than two and a half percent minus.

The MDax of the medium-sized stock market stocks also started with losses on Friday. Here was a discount of 1, 55 percent to 33 837,54 Points. The leading index of the Eurozone EuroStoxx 50 slipped below the mark of 4000 counters. He lost 1, 51 percent to 3987, 12 Points.

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