Dax slightly in the red
After another positive week so far, renewed interest rate concerns have knocked the DAX off course for the time being. The leading index fell by 0.37 percent to 15,296.36 points in the opening minutes, reducing its weekly gain to 0.7 percent. The MDax, which rose more sharply this week, fell more sharply by 1.21 percent to 25,507.55 points. The eurozone index EuroStoxx 50 fell by 0.4 percent.
Statements by US Federal Reserve Chairman Jerome Powell had already weighed on the US stock markets the previous evening. The Federal Reserve (Fed) is not entirely convinced that it has sufficiently tightened its monetary policy. Powell assured that the Fed would not hesitate to raise interest rates again if it proved appropriate.
The DAX's decline was not limited to Germany, as stock exchanges worldwide showed signs of instability due to renewed interest rate concerns. Despite the MDAX initially performing well this week, it followed the DAX's downward trend, losing 1.21%.
Source: www.dpa.com
