Frankfurt / Main (dpa) – The crisis at the Chinese real estate group Evergrande has increased the Dax, which has been increased to 40 values since Monday Start of the week heavily burdened.
The German leading index slipped at times to close to the round mark of 11. 000 Counters down to a low since mid-May. He closed 2, 31 percent lower at 15. 132, 06 points. The MDax of the medium-sized stock market values reduced from 60 to 50 values went with a minus of 1, 40 percent to 34. 799, 59 Points from the trade.
The China risks and the simultaneous reluctance to buy in front of the monetary policy signals from the US Federal Reserve this week resulted in a toxic mix on the stock market. Since the Dax record in August with over 16. 000 points, economic pessimism is increasing on the market.
The inclusion of the ten members in the new Dax 40 it was hardly likely that the market of 11. 000 he brand dangerous on Monday analyst Konstantin Oldenburger from trading house CMC Markets explained. Instead, investors have been looking for a valve for weeks to let pressure out of the boiler – and in the turmoil around the Chinese real estate giant Evergrande, they have now apparently found it. Several rating agencies had recently further downgraded Evergrande’s creditworthiness and warned of payment defaults. “The fear of the next real estate crisis is currently great,” wrote analyst Christian Henke from broker IG.
Of the ten new faces on the Dax, the Franco-German aircraft manufacturer Airbus is also a new index heavyweight . Airbus shares lost 1.3 percent on Monday.
Banks across Europe were the biggest losers in the very weak market environment. In the Dax, Deutsche Bank was behind with minus 7.7 percent, in the MDax the Commerzbank papers posted a similarly high discount with 7.9 percent. The concern that the Evergrande crisis is spreading is the main reason for the price slide in Europe as well, explained analyst Neil Wilson from Markets.com.
The MDax also focused on Lufthansa, which with a capital increase sets the course for the repayment of German state aid. After initial price losses, the shares gained five and a half percent at the end of trading. Ultimately, investors gave more weight to the fact that the airline should reduce its dependence on the state and regain more freedom of action of its own. The significant price gains in Lufthansa shares, especially in the afternoon, were also related to the news that the USA will soon lift entry restrictions from the European Union and Great Britain for vaccinated people. The shares of the airport operator Fraport also benefited from this with a plus of four percent. Thyssenkrupp shares fell by 5.6 percent, for Salzgitter it was also down by 5.6 percent and for Klöckner & Co. by eight percent.
With a price jump of 7.1 percent in Near their record high, the shares of Sixt listed in the also redesigned SDax small cap index reacted to a higher forecast by the car rental company.
The European leading index EuroStoxx 50 fell back to the level of the end of July on Monday and closed with minus 2, 11 Percent on 4043, 63 points. The Cac 40 in Paris fell 1.7 percent. The London-based FTSE 100 also went down, although not quite as clearly. In New York, the Dow Jones Industrial lost one and a half percent at the close of European trading.
After the Frankfurt stock market close, the euro cost 1. 1729 US dollars. The European Central Bank (ECB) set the reference rate in the afternoon at 1, 1711 (Friday: 1, 1780) dollar, so the dollar was 0 , 8539 (0, 8489) Euro.
On the bond market, the current yield fell from minus 0. 35 percent on Friday to minus 0, 38 percent. The Rex bond index rose by 0, 06 percent to 145,02 Points. The Bund future rose by 0, 16 percent to 171, 57 points to.