Dax slips over 100 points – weak data from China weighs on it

by time news

2023-09-05 10:43:26

Dusseldorf The leading German index started weakly on Tuesday and was listed at 15,717 points in morning trading, a drop of 0.7 percent or the equivalent of 110 points compared to the previous day’s close.

With today’s trading day, this stock market week really gets going. Because on Wall Street trading is back after yesterday’s Labor Day holiday. This holiday also left its mark on the Frankfurt Stock Exchange. According to Thomas Altmann from the fund house QC Partners, the volume of the traded Dax values ​​was as low on Monday as it was last on Whit Monday.

“This shows how difficult it is for investors in this country without the impulses from the world’s leading stock market,” explains the capital market expert. “And it also shows the high proportion of international investors in trade in this country.”

The scenario from last Friday may be repeated this Tuesday, when the Dax quickly slipped 120 points in the afternoon while the Dow Jones index climbed.

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