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Financial expert analyzes: DAX falls below 15,000 points - causes and effects
According to a report from www.faz.net, the stock market performed negatively on Friday. The Dax has fallen to a seven-month low and is below the 15,000 point mark. The weak guidance from overseas has weighed on the markets, with a weekly loss of 2.2 percent emerging. This development is influenced by both concerns about an escalation of the Middle East conflict and rising bond yields. Before the weekend, the current reporting season on the German stock market remained in focus. The mechanical engineering company Dürr experienced a share price drop of almost 16 percent after its targets for 2024 were lowered. The shares of…
Financial expert analyzes: DAX falls below 15,000 points - causes and effects
According to a report by www.faz.net, the stock market developed negatively on Friday. The Dax has fallen to a seven-month low and is below the 15,000 point mark. The weak guidance from overseas has weighed on the markets, with a weekly loss of 2.2 percent emerging. This development is influenced by both concerns about an escalation of the Middle East conflict and rising bond yields.
Before the weekend, the current reporting season on the German stock market remained in focus. The mechanical engineering company Dürr experienced a share price drop of almost 16 percent after its targets for 2024 were lowered. The shares of SMA Solar and Metro also suffered price losses.
The impact on the market is significant as investors are unsettled. Current developments could lead to a continued downward trend. Rising bond yields and geopolitical tensions have contributed to pressure on the market. The trading data suggests that recovery and stability in the stock market could be difficult in the near term.
Read the source article at www.faz.net