2023-05-26 16:56:42
The bulls currently have the upper hand on the Frankfurt Stock Exchange.
Image: Reuters
Despite inflation and recession: the weekly loss of the Dax is limited. If it weren’t for the dispute over the debt ceiling in the USA, the 16,000-point mark would probably have been maintained.
What was still the fear among investors in the fall: energy crisis, recession. The leading German index ended 2022 just below the 14,000 point mark. At least two scenarios that made investors sweat have come to pass: Inflation in Germany is still at a high level, currently at more than 7 percent. And since this week it’s official: the largest economy in the euro zone is in a technical recession after two negative quarters.
And what is the Dax doing? Surely, the 16,331 points, the high that was pimped up by dividends (see FAZ of May 22), could not be exceeded again in the past week – the weekly loss totals around 3 percent.
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