Investors cash in: Dax closes 0.60 percent lower at 16,651 points - MDax falls by 0.85 percent

Investors cash in: Dax closes 0.60 percent lower at 16,651 points - MDax falls by 0.85 percent

According to a report by the Esslinger Zeitung, investors in the German stock market cashed in at the start of the week after the Dax previously recorded a rally. The Dax closed on Monday 0.60 percent lower at 16,651 points. The MDax fell by 0.85 percent to 26,904 points.

The prospect of possible interest rate cuts caused the Dax to record an increase of more than 16 percent up to its record high of over 17,000 points at the end of October. But after expectations were somewhat dampened by the ECB, the stock market lost momentum. Nevertheless, some companies were able to record positive developments, such as the shares of Deutsche Börse, which were on the rise due to a buy recommendation from UBS, or the shares of Carl Zeiss Meditec, which gained 2.8 percent.

The MDax value Delivery Hero was the weakest value with a loss of seven percent. And there were winners and losers in the SDax too.

Overall, the European leading index EuroStoxx lost 0.62 percent to 4,521 points on Monday. The leading stock exchange in Paris also fell, while things rose slightly in London. There have recently been moderate profits on the Nasdaq stock exchange.

The aforementioned losses on the German stock market could also lead to a certain degree of uncertainty in the future due to the limited prospect of interest rate cuts. Investors could act more cautiously and concentrate on higher-yielding forms of investment. The current development could therefore have an impact on the market and the financial industry.